Classes M-2 and M-3 of RFC's RFSC series 2003-RP1 securitization have been placed on review for possible downgrade by Moody's Investors Service.The negative rating actions were attributed to weaker-than-expected performance by the underlying pool of mortgage loans and the resulting decline in credit enhancement. The underlying collateral is composed of subprime and re-performing residential mortgage loans. Moody's can be found online at http://www.moodys.com.
Moody's Eyes RFSC MBS Classes
April 10, 2006, 2:00 p.m. EDT 1 Min Read
