Class B of Impac Secured Asset Corp.'s mortgage pass-through certificates, series 2001-6, has been downgraded from Baa2 to Ba3 by Moody's Investors Service.In addition, Moody's upgraded 11 classes and confirmed the rating of one class. The downgrade was attributed to low credit enhancement levels relative to projected losses on the underlying pools. The transactions consist of first-lien, fixed-rate alternative-A mortgage loans that were originated by Impac Funding Corp. and serviced by GMAC Mortgage Corp.
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