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S&P Credit Research3017 word report
published Jun 08, 2004
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S&P Credit Research
| Abstract: | The ratings assigned to Banc of America Alternative Loan Trust 2004-4's mortgage-backed pass-through certificates series 2004-4 (groups 1 through 4) are based on levels of credit enhancement that meet 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 originators' bankruptcy (see table 1). The certificates evidence an ownership interest in a trust fund consisting of six groups of fully amortizing, fixed-rate mortgage loans secured by first liens on one- to four-family properties. All of the loans were either originated by the seller, or purchased by the seller from various entities. The loans in groups 1, 2, 3, and 4
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| Brief Excerpt: | RESEARCH Ratings Definitions New Issue: Banc of America Alternative Loan Trust 2004-4 $407 million mortgage-backed, pass-through certificates series 2004-4 Publication date: 08-Jun-2004 Ratings Detail Profile New Ratings Classes 1-A-1,...
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| Report Type: | Full Report
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| Issuer: | Banc of America Alternative Loan Trust 2004-4
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| Sector: | Residential MBS, Structured Finance
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| Free Sample: |
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| Format: | | HTML |  |
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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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