Abstract: NEW YORK (Standard&Poor's) May 22, 2008--Standard&Poor's Ratings Services today lowered its ratings on 125 classes of U.S. residential mortgage-backed securities (RMBS) from 27 transactions issued in the first half of 2007 backed by prime jumbo loan collateral. We removed 28 of the lowered ratings from CreditWatch with negative implications. In addition, we placed 156 ratings on CreditWatch negative. Finally, we affirmed our ratings on 13 classes and removed them from CreditWatch negative, and affirmed our ratings on 1,297 other outstanding U.S. prime jumbo RMBS classes issued in 2007. 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 represent an issuance

Brief Excerpt: RESEARCH Ratings Definitions Ratings Lowered On 125 U.S. Prime Jumbo RMBS Classes Issued In 2007; 156 Ratings On Watch Neg Publication date: 22-May-2008 Primary Credit Analysts: Robert B Pollsen, New York (1) 212-438-2577; robert_pollsen@standardandpoor...

Report Type: News
Issuer: Banc of America Funding 2007-4 Trust
Sector: Residential MBS, Structured Finance
Country: United States
Region: United States
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 S&P Credit Research
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.