Ten classes from Fremont Home Loan Trust series 2006-B have been downgraded by Moody's Investors Service, and nine of them have been maintained on review for possible further downgrade.The negative rating actions were based on credit enhancement levels, including excess spread, that may be too low in view of the projected losses, the rating agency said. The transaction is backed by subprime second-lien loans.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry