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S&P Credit Research420 word report
published Jun 08, 2005
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S&P Credit Research
| Abstract: | The ratings assigned to Alternative Loan Trust 2005-23CB's mortgage pass-through certificates series 2005-23CB are based on a level of credit enhancement that meets Standard&Poor's requirements given the risk assessment of the collateral as well as a legal structure designed to minimize potential losses to investors caused by the originator's bankruptcy (see table 1). The certificates evidence an ownership interest in a trust fund consisting primarily of a pool of 30-year, conventional, fixed-rate, fully amortizing mortgage loans secured by first liens on one- to four-family residential properties. The loans were originated or acquired by the originator and are master-serviced by Countrywide Home Loans Servicing L.P. (Countrywide). Table 2 details the loan pool. A supplemental loan account, funded at approximately
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| Brief Excerpt: | RESEARCH Ratings Definitions New Issue: Alternative Loan Trust 2005-23CB $724 million mortgage pass-through certificates series 2005-23CB Publication date: 08-Jun-2005 Ratings Detail Profile New Ratings Classes A-1, A-10, A-11, A-12,...
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| Report Type: | Full Report
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| Issuer: | Alternative Loan Trust 2005-23CB
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| Sector: | Residential MBS, Structured Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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