Class B-2 of Residential Accredit Loan Inc. mortgage pass-through certificates series 1999-QS2 has been downgraded from B to CCC by Fitch Ratings.In addition, Fitch upgraded or affirmed the ratings on 198 classes from 26 RALI securitizations. The downgrade was due to high delinquencies and losses, Fitch said. Anticipated losses could leave the class with no subordination, the rating agency said. Fitch can be found on the Web at http://www.fitchratings.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