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Article: Fitch Rates $1.2B Home Equity Loan Trust 2007-HSA2.
- Article from:
- Business Wire
- Article date:
- April 27, 2007
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Copyright informationCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Home Equity Loan Trust 2007-HSA2, which closed on April 27, 2007, is rated by Fitch Ratings as follows:
--$1,231,394,000 classes A-1V, A-1F and A-2 through A-6 'AAA',
The 'AAA' rating on the certificates reflects our assessment of the likelihood of repayment of principal and interest based on the bond insurance policy provided by MBIA Insurance Corporation (MBIA), whose claims paying ability is rated 'AAA' by Fitch.
The certificates have 5.35 initial and 7.25 target over-collateralization (OC) and the benefit of monthly excess cash flow to absorb losses.
The collateral pool consists of 24,092 closed-end, fixed-rate second lien mortgage loans with ...