Class II-B-2 of Credit Suisse First Boston Mortgage Securities Corp. series 2002-22 has been placed under review for possible downgrade by Moody's Investors Service.The action is based on the fact that the bonds' credit enhancement levels, including excess spread, are low compared with the projected loss numbers for the current rating level, the rating agency said. Cumulative losses in the deal have exceeded the rating agency's original expectations, Moody's said. The company 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