Thirty-eight tranches from four transactions issued by Opteum Mortgage Acceptance Corp. have been downgraded by Moody's Investors Service. Ten downgraded tranches remain on review for possible further downgrade, and six other tranches were placed on review for possible downgrade. The negative rating actions were generally based on higher-than-expected rates of delinquency, foreclosure, and real estate owned in the underlying collateral relative to credit enhancement levels, Moody's said. The collateral consists primarily of first-lien, fixed- and adjustable-rate, alternative-A mortgage loans.
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