| Title: | Ratings Lowered On 184 U.S. Prime Jumbo RMBS Classes Issued In 2006; 110 Ratings On Watch Neg |
| Price: | $100.00 |
| Publication Date: | May 01, 2008 |
| Report Type: | News |
| Abstract: | NEW YORK (Standard&Poor's) May 1, 2008--Standard&Poor's Ratings Services today lowered its ratings on 184 classes of U.S. residential mortgage-backed securities (RMBS) from 52 transactions backed by prime jumbo loan collateral issued in 2006. We removed 77 of the lowered ratings from CreditWatch with negative implications. In addition, we placed 109 ratings on CreditWatch negative, and one rating remains on CreditWatch negative. Finally, we affirmed our ratings on 13 classes and removed them from CreditWatch negative and affirmed our ratings on 1,961 other outstanding U.S. prime jumbo RMBS classes issued in 2006. All of the ratings that were removed from CreditWatch were placed on CreditWatch on March 17, 2008. The classes affected by the negative rating actions |
| Brief Excerpt: | RESEARCH Ratings Definitions Ratings Lowered On ### U.S. Prime Jumbo RMBS Classes Issued In ####; ### Ratings On Watch Neg Publication date: ##-May-#### Primary Credit Analysts: Robert B Pollsen, New York (#) ###-###-####; robert_pollsen@standardandpoor... |
| Word Count: | 1557 |
| Issuer: | Banc of America Funding 2006-3 Trust |
| Sector: | Structured Finance, Residential MBS |
| Country: | United States |
| Region: | United States |
| Format: | 
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