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.
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