Moody's Eyes RAMP High-LTV Class

Class B of Residential Asset Mortgage Products Inc. series 2001-RZ2, a deal secured by mortgage loans with high loan-to-value ratios, has been placed under review for possible downgrade by Moody's Investors Service.The rating agency also upgraded 12 certificates from four high-LTV RAMP deals issued in 2001. The series 2001-RZ2 transaction is backed by first-lien fixed-rate loans originated under the company's Home Solution Program, Moody's said. The class B certificate was placed on review for possible downgrade because credit enhancement levels "may be low given the current projected losses on the underlying pools," Moody's said. "The transaction has taken significant losses, and the B tranche has begun taking writedowns." Moody's can be found online at http://www.moodys.com.