Harborview MBS Class Downgraded

August 31, 2007, 2:00 p.m. EDT 1 Min Read

Class B-4 of Harborview Mortgage Loan Trust Inc. series 2006-3 has been downgraded from BB to B by Fitch Ratings, and class B-3 has been placed on Rating Watch Negative.In addition, Fitch affirmed the ratings on three other classes in the transaction. The rating agency attributed the negative rating actions to a deterioration in the relationship between credit enhancement and loss expectations. The deal is backed by adjustable-rate mortgage loans secured by residential first liens.

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