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S&P Credit Research1708 word report
published May 08, 2000
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S&P Credit Research
| Abstract: | The ratings assigned to Aurora Loan Services Inc.'s mortgage pass-through certificates series 2000-2 are based on a level of credit enhancement that meets Standard & Poor's requirements given the quality of the loans, distribution of the mortgaged properties, and a legal structure designed to minimize the potential losses to investors caused by the originator's bankruptcy (see table 1). Eight classes of senior certificates, along with three subordinate classes, demonstrate an undivided ownership interest in a trust fund consisting of two pools (group 1 and group 2) of mortgage loans. The mortgage loans have original terms to maturity of 30 years and consist of adjustable-rate loans with interest rates that first adjust after an initial period of three years and five
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| Brief Excerpt: | RESEARCH Ratings Definitions New Issue: Aurora Loan Services Inc. US$244,333,686 mortgage pass-through certificates series 2000-2 Publication date: 08-May-2000 Ratings Detail Profile New Ratings Class 1-A1 ### Classes 1-AP, 1-AX AAAr...
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| Report Type: | Full Report
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| Issuer: | Aurora Loan Services Inc.
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| Sector: | Residential MBS, Structured Finance
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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.
Also from S&P Credit Research
- Two Lehman-Related Servicers Off Select List After Corporate Rating Withdrawal; On Watch Dev $100.00
NEW YORK (Standard&Poor's) Sept. 26, 2008--Standard&Poor's Ratings Services today removed Aurora Loan Services Inc. (Aurora) and Lehman Bros. Small Business Finance Inc., two Lehman Bros. Bank FSB-owned servicers, from its Select Servicer List. ...
- Lehman-Related Servicer Rankings Remain On Watch Dev After Corporate Credit Rating Actions $100.00
NEW YORK (Standard&Poor's) Sept. 15, 2008--Standard&Poor's Ratings Services today stated that its servicer rankings on two Lehman Bros.-related companies, Aurora Loan Services Inc. (Aurora) and Lehman Brothers Small Business Finance (LBSBF), ...
- Lehman Bros.-Related Servicer Rankings On Watch Developing After Corporate CreditWatch Action $100.00
NEW YORK (Standard&Poor's) Sept. 12, 2008--Standard&Poor's Ratings Services today placed its servicer rankings on two Lehman Bros.-related companies on CreditWatch with developing implications. The actions affect Aurora Loan Services Inc. (Aurora) ...
- Aurora Loan Services Residential Loan Servicer Ranking Raised, Other Rankings Affirmed $175.00
NEW YORK (Standard & Poor's) Feb. 14, 2005--Standard & Poor's Ratings Services today raised its ranking on Aurora Loan Services Inc. (Aurora), a wholly owned subsidiary of Lehman Brothers Holdings Inc. (LBHI), to ABOVE AVERAGE from AVERAGE ...
- Aurora Loan Services Inc. 2000-2 RMBS Ratings Raised and Affirmed $175.00
NEW YORK (Standard & Poor's) July 13, 2004--Standard & Poor's Ratings Services today raised its rating on class B-1 of Aurora Loan Services Inc.'s mortgage pass-through certificates series 2000-2 to 'AAA' from 'AA'. In addition, the 'AAA' ratings ...
- Servicer Evaluation: Aurora Loan Services Inc. $400.00
(Editor's note: The following report was completed February 2003) The ranking for Aurora Loan Services Inc. (ALS), a subsidiary of Lehman Brothers Holdings Inc. (LBHI), is affirmed at AVERAGE for Residential Mortgage Servicing and Residential ...
