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Article: DCR Rates PNC Mortgage Securities Corp. $701,661,871 Mortgage Pass-Through Certificates Series 1998-8 Fixed-Rate Residential Mortgage Loans.
- Article from:
- PR Newswire
- Article date:
- September 29, 1998
CopyrightCOPYRIGHT 1998 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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CHICAGO, Sept. 29 /PRNewswire/ -- Duff & Phelps Credit Rating Co. (DCR) has rated the PNC Mortgage Securities Corporation, Series 1998-8 Mortgage Pass-Through Certificates. The certificates were issued by PNC Mortgage Securities Corporation (PNC) and underwritten by Donaldson, Lufkin & Jenrette Securities Corporation. The ratings on the 25 classes of publicly offered securities are 'AAA' (Triple-A).
The mortgage pool consists of four groups of mortgage loans, the Group I loans, the Group II loans, the Group III loans and the Group IV loans, representing aggregate balances of mortgage loans of approximately $208,513,720, $331,438,970, $90,516,274 and ...