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S&P Credit Research2411 word report
published Aug 11, 2000
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S&P Credit Research
| Abstract: | The ratings assigned to Home Equity Mortgage Loan Asset-Backed Trust Series SPMD 2000-B's home equity mortgage loan asset-backed certificates series SPMD 2000-B 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 certificateholders due to the issuer's insolvency (see table 1). In addition, the trust will issue the class X certificates, which are not being offered. The mortgage loans were originated by IndyMac Bank F.S.B. (IndyMac Bank) in accordance with its underwriting standards for subprime mortgage loans. IndyMac Bank, through its mortgage conduit program, purchases subprime mortgage loans from, or provides funding for, subprime
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| Brief Excerpt: | RESEARCH Ratings Definitions New Issue: Home Equity Mortgage Loan Asset-Backed Trust Series SPMD 2000-B $294,939,100 home equity mortgage loan asset-backed certificates series SPMD 2000-B Publication date: 11-Aug-2000 Ratings Detail...
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| Report Type: | Full Report
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| Issuer: | Home Equity Mortgage Loan Asset-Backed Trust, Series SPMD 2000-B
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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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