Two classes of Comfed Mortgage mortgage pass-through certificates backed by adjustable-rate mortgage loans have been placed on review for possible downgrade by Moody's Investors Service.The affected classes are: class A of series 1987-01 and class A of series 1988-01. The actions stemmed from weak performance by the underlying loans, which have taken greater-than-expected losses and are expected to continue to do so, Moody's said. The classes have both taken writedowns. Moody's can be found on the Web 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