Two classes of First Horizon Home Loan Mortgage Trust mortgage-backed securities have been placed on Rating Watch Negative by Fitch Ratings.The affected securities are the B5 classes of series 2005-AA9 and 2006-AA5. The negative rating actions were attributed to "signs of increasing credit risk." The collateral for the transactions consists of conventional adjustable-rate residential mortgages.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry