The ratings on 11 classes from five Amresco Residential Securities Corp. Mortgage Loan Trust deals have been placed under review for possible downgrade by Moody's Investors Service.The affected classes are as follows: series 1997-2, class M-2F; series 1997-3, classes M-2F, B-1F, and B-2F; series 1998-1, classes M-2A, M-2F, and B-1F; series 1998-2, class B-1F; and series 1998-3, classes M-2A, B-1A, and B-1F. Moody's also placed 11 classes from three transactions under review for possible upgrade. The rating agency attributed the reviews for possible downgrade to the fact that credit enhancement levels are not sufficient to support the current ratings. Moody's can be found online at http://www.moodys.com.

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