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15 Dec 2005
MOODY'S RATES POPULAR MORTGAGE TRUST 2005-D SUBPRIME MORTGAGE DEAL
Approximately $288 Million of Asset-Backed Securities Rated
New York, December 15, 2005 -- Moody's Investors Service has assigned a Aaa rating to the senior
certificates issued by Popular ABS Mortgage Pass-Through Trust
2005-D, and ratings ranging from Aa2 to Ba2 to the subordinate
certificates in the deal.
The securitization is backed by Equity One, Inc. originated
or acquired adjustable-rate (67%) and fixed-rate
(33%) subprime mortgage loans. The ratings are based primarily
on the credit quality of the loans, and on the protection from subordination,
overcollateralization, and excess spread. Moody's expects
collateral losses to range from 5.30% to 5.80%.
Equity One, Inc. will service the loans. Moody's
has assigned Equity One, Inc. its SQ2- rating as a
servicer of subprime first lien loans.
THE COMPLETE RATING ACTIONS ARE AS FOLLOWS:
Popular ABS Mortgage Pass-Through Trust 2005-D
Cl. A-1, Assigned Aaa
Cl. A-2, Assigned Aaa
Cl. A-3, Assigned Aaa
Cl. A-4, Assigned Aaa
Cl. A-5, Assigned Aaa
Cl. A-6, Assigned Aaa
Cl. M-1, Assigned Aa2
Cl. M-2, Assigned A2
Cl. M-3, Assigned A3
Cl. M-4, Assigned Baa1
Cl. M-5, Assigned Baa2
Cl. M-6, Assigned Baa3
Cl. B-1, Assigned Ba1
Cl. B-2, Assigned Ba2
Additional research is available on http://www.moodys.com
New York
Jay A. Siegel
Managing Director
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653
New York
Shuisheng Shi
Associate Analyst
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653
No Related Data.
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