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S&P Credit Research2633 word report
published May 20, 2004
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S&P Credit Research
| Abstract: | The ratings assigned to Harborview Mortgage Loan Trust 2004-2's mortgage pass-through certificates series 2004-2 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 potential losses to investors caused by the originator's bankruptcy (see table 1). The trust issued 10 classes of certificates: seven offered (class 1A-1, 2A-1, A-X, A-R, B-1, B-2, and B-3); and three unoffered (B-4 through B-6). The mortgage pool consists primarily of two loan groups (groups 1 and 2) of adjustable-rate, first-lien, residential mortgage loans. The loans have interest rates that adjust based on various indices with original terms to maturity of not more
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| Brief Excerpt: | RESEARCH Ratings Definitions New Issue: Harborview Mortgage Loan Trust 2004-2 $551 million mortgage pass-through certificates series 2004-2 Publication date: 20-May-2004 Ratings Detail Profile New Ratings Classes 1A-1, 2A-1, A-R, AX...
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| Report Type: | Full Report
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| Issuer: | HarborView Mortgage Loan Trust 2004-2
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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.
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