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Article: DCR Rates Empire Funding Home Loan Owner Trust 1997-2 $132,927,000 Home Loan Asset-Backed Notes, Series 1997-2
- Article from:
- PR Newswire
- Article date:
- May 30, 1997
CopyrightCOPYRIGHT 1997 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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Fixed-Rate Residential Home Improvement/Debt Consolidation
Junior Lien Mortgage Loans
NEW YORK, May 30 /PRNewswire/ -- Duff & Phelps Credit Rating Co. (DCR) has rated Empire Funding's second transaction collateralized by high loan-to-value ratio home improvement and debt consolidation home loans. The home loan asset-backed notes were issued by Empire Funding Home Loan Owner Trust 1997-2 and underwritten by Greenwich Capital Markets, Inc. and ContiFinancial Services Corporation. The ratings on the eight classes of publicly offered securities range from "AAA" (Triple-A) to "A-" (Single-A-Minus) as follows:
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