Two classes from two GS Mortgage Securities Corp. residential mortgage pass-through certificate deals have been placed on Rating Watch Negative by Fitch Ratings.The affected classes are class B-3 of series 2005-S2 and class B-2 of series 2006-S1. The rating actions were taken because losses have exceeded excess spread for the past three months, Fitch said. The collateral in the transactions consists of closed-end, fixed-rate loans secured by second liens on residential properties.
Fitch Eyes GS Mortgage MBS Classes
October 04, 2006, 2:00 p.m. EDT 1 Min Read
