Accross The Country

Last week\'s residential mortgage ratings actions
By SAM GARCIA
1/8/2002

Standard & Poor's (S&P) lowered and affirmed its raing on classes of CWMBS Inc.'s mortgage pass-through certificates series 1993. The default status of the class B-6 certificates resulted from the complete erosion of the class' credit support, leading to a principal write-down to the security. The affirmations reflect credit enhancement percentages that adequately support the current ratings.

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