by Calculated Risk on 8/16/2007 03:23:00 PM

Fitch Places $12.1B of U.S. Second-Lien RMBS on Rating Watch Negative (hat tip James Bednar)

Fitch Ratings has placed all classes of 58 U.S. RMBS subprime transactions backed by pools of closed-end second-liens (CES) on Rating Watch Negative. This action includes all classes from these transactions previously placed on Rating Watch Negative. The 58 transactions have an aggregate outstanding balance of approximately $12.1 billion. 35 of the transactions were originated in 2005, 22 were originated in 2006, and one this year. These transactions comprise the entirety of Fitch's rated portfolio of CES RMBS from those vintages.

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