Last week\'s residential mortgage ratings actions
By SAM GARCIA
3/19/2002

Fitch Ratings assigned an 'AA' rating to MGIC Investment Corporation's $200 million 6% senior notes due March 15, 2007. The Rating Outlook is Stable. MGIC's insurer financial strength rating is based upon its leadership position in the mortgage insurance marketplace -- as reflected by a 25.0% in 2001 -- and MGIC's capital adequacy. MGIC maintains a sound quality insured portfolio with good geographic diversification.

The 'AA' counterparty credit and financial strength ratings on CMG Mortgage Insurance Co. was affirmed by S&P because of its 60% share in the credit union mortgage insurance market, support from its parent companies, and extremely strong operating performance. CMG is a joint venture of PMI Mortgage Insurance Co. and CUNA Mutual Insurance Society. The outlook on CMG is stable.

Standard & Poor's (S&P) raised and affirmed its ratings on classes of the following PNC Mortgage Securities Corp. residential mortgage backed certificates, reflecting the level of subordination.

* 1987-B
* 1987-C
* 1988-A
* 1989A
* 1990-6
* 1991-D
* 1991-I
* 1991-J
* 1991-K
* 1991-M
* 1992-1
* 1992-8
* 1992-12
* 1992-18



* 1992-21
* 1993-1
* 1993-3
* 1993-5
* 1993-6
* 1993-7
* 1994-2
* 1994-3
* 1994-4
* 1995-2
* 1995-3
* 1996-1
* 1997-1
* 1997-2



* 1997-3
* 1997-4
* 1997-5
* 1997-6
* 1997-8
* 1998-1
* 1998-2
* 1998-3
* 1998-4
* 1998-5
* 1998-6
* 1998-7
* 1998-8
* 1998-9



* 1998-10
* 1998-11
* 1998-12
* 1998-14
* 1999-1
* 1999-2
* 1999-3
* 1999-4
* 1999-5
* 1999-6
* 1999-7
* 1999-8
* 1999-9
* 1999-10



* 1999-11
* 1999-12
* 2000-1
* 2000-2
* 2000-3
* 2000-4
* 2000-5
* 2000-6
* 2000-7
* 2000-8
* 2000-9

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