01.08.2013 23:46:00
|
Moody's takes action on $97 Million of Alt-A RMBS issued in 2005
New York, August 01, 2013 -- Moody's Investors Service ("Moody's") has downgraded the ratings of three tranches and placed on watch for downgrade one tranche issued by Lehman XS Trust Series 2005-6 and upgraded the ratings of two tranches issued by Structured Adjustable Rate Mortgage 2005-6XS. The downgraded tranches from Lehman XS Trust Series 2005-6 have also been placed on watch for possible further downgrade. These two transactions are backed by Alt-A loans currently serviced by Nationstar Mortgage LLC ("Nationstar").