Class B-5 of Wells Fargo Alternative Loan Trust series 2005-1 has been placed on Rating Watch Negative by Fitch Ratings. Fitch also affirmed the ratings on 16 other classes in three Wells Fargo transactions. The negative rating action was attributed to deterioration in the relationship between credit enhancement and expected losses. The underlying collateral consists of conventional first mortgage loans. Fitch can be found online at http://www.fitchratings.com.
Fitch Eyes Wells MBS Class
January 07, 2008, 2:00 p.m. EST 1 Min Read
