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S&P Credit Research680 word report
published Sep 15, 2008
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S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) Sept. 15, 2008--Standard&Poor's Ratings Services today revised its ratings on 13 classes from Banc of America Funding 2007-4 Trust upward based on a further review of the collateral supporting these U.S. residential mortgage loans. We had downgraded these classes on Aug. 12, 2008, based on our belief that the collateral consisted of prime jumbo loans originated in 2007 because our systems did not identify the loans as seasoned loans. We have received additional information confirming that the structure group affected by today's actions, structure group "S", consists of loans that were seasoned an average of 39 months as of May 1, 2007, the cutoff date. Consequently, we expect this mortgage loan pool to
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| Brief Excerpt: | RESEARCH Ratings Definitions S&P Revises 13 Ratings On Banc of America Funding 2007-4 Trust Publication date: 15-Sep-2008 Primary Credit Analyst: Robert B Pollsen, New York (1) 212-438-2577; robert_pollsen@standardandpoors.com Secondary...
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| Report Type: | Ratings Action
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| Issuer: | Banc of America Funding 2007-4 Trust
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| Sector: | 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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