New York, January 17, 2014 -- Moody's Investors Service has downgraded the ratings on seven tranches in five deals issued by Security National and placed the ratings on review for further downgrade. In addition, Moody's will withdraw the ratings of all 33 tranches in nine Security National deals, including the five deals that were downgraded and placed on review. The transactions are backed by Scratch and Dent RMBS loans.

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