Moody's Eyes Truman MBS Classes

Four classes of Truman Capital Mortgage Loan Trust mortgage-backed securities have been placed on review for possible downgrade by Moody's Investors Service.The affected classes are as follows: series 2002-1, classes M-1, M-2, and B; and series 2002-2, class B. The rating actions were attributed to worse-than-expected performance by the underlying pool of mortgage loans. The underlying collateral consists of subprime and re-performing residential mortgage loans. The latter consist primarily of previously delinquent and defaulted loans that had made at least three out of four of the most recent regular scheduled or bankruptcy plan payments, Moody's explained.