Eleven classes from three subprime second-lien issues of Soundview Home Loan Trust mortgage pass-through certificates have been downgraded by Fitch Ratings. Fitch also placed one class on Rating Watch Negative and affirmed the ratings on 16 other classes. The negative rating actions were based on deterioration in the relationship between credit enhancement and loss expectations, and "reflect continued poor loan performance and home price weakness," Fitch said.
Soundview 2nd-Lien Classes Downgraded
February 15, 2008, 2:00 p.m. EST 1 Min Read
