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Article: UCFC HOME EQUITY LOAN PASSTHRU CERTIFICATES, 1995-C1, C-2 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --
- Article from:
- PR Newswire
- Article date:
- September 29, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. 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, Sept. 29 /PRNewswire/ -- UCFC's $429.5 million home equity loans pass-through certificates, series 1995-C1 and 1995-C2 are rated 'AAA' by Fitch. The rating reflects the credit loss protection provided by amounts deposited into a spread account from excess interest as well as a Certificate Insurance Policy issued by Financial Guarantee Insurance Co., whose claims paying ability rating is 'AAA' by Fitch. In addition, the rating also reflects the integrity of the legal and financial structures and the capabilities of United Companies Lending Corp (United Companies), as servicer of the home equity loans.
The certificates are collateralized by three pools of ...
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