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S&P Credit Research1280 word report
published Nov 03, 2009
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S&P Credit Research
| Abstract: | OVERVIEW We lowered our ratings on two classes of certificates from MASTR Adjustable Rate Mortgages Trust 2007-R5, a U.S. RMBS re-REMIC. The downgrades reflect the rapid deterioration in the performance of the mortgages backing the underlying certificate. NEW YORK (Standard&Poor's) Nov. 3, 2009--Standard&Poor's Ratings Services today lowered its ratings on two classes of certificates from MASTR Adjustable Rate Mortgages Trust 2007-R5 (MARM 2007-R5), a residential mortgage-backed securities (RMBS) re-securitized real estate mortgage investment conduit (re-REMIC) transaction. We lowered our rating on class A1 to 'CCC' from 'AAA', and we lowered our rating on class A2 to 'CC' from 'AAA' (see list). The downgrades reflect the significant deterioration in performance of the loans backing the underlying certificate.
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| Brief Excerpt: | RESEARCH Ratings Definitions Two Ratings Lowered On MASTR Adjustable Rate Mortgages Trust 2007-R5 RMBS Re-REMIC Publication date: 03-Nov-2009 Primary Credit Analyst: Jeremy Schneider, New York (1) 212-438-5230; jeremy_schneider@standardandpoors.com...
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| Report Type: | Ratings Action
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| Issuer: | MASTR Adjustable Rate Mortgages Trust 2007-R5
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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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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.
