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Article: DCR Rates Structured Asset Securities Corporation $148,788,711 Mortgage Pass- Through Certificates Series 1998-ALS1 Fixed-Rate Residential Mortgage Loans.
- Article from:
- PR Newswire
- Article date:
- November 3, 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, Nov. 3 /PRNewswire/ -- Duff & Phelps Credit Rating Co. (DCR) has rated the Structured Asset Securities Corporation (SASCO) Series 1998-ALS1 Mortgage Pass-Through Certificates. SASCO 1998-ALS1 represents the first securitization of Aurora Loan Services originations. The certificates were issued by SASCO and underwritten by Lehman Brothers. The ratings on the securities range from 'AAA' (Triple-A) to 'B' (Single-B) as follows:
Class Amount Rate DCR Rating CEIssuance
1-A $55,999,0006.90%'AAA' (Triple-A) 9.00% Public
1-AP $ 419,252 PO 'AAA' (Triple-A) 9.00% Public
I-AX Notional...