Fitch Affirms 1 RMBS Class from Prudential Securities FAFC 1993-4
--Class A affirmed at 'AAA'
The affirmation, affecting approximately $518,000 of the outstanding certificates, reflects the adequate relationship of credit enhancement (CE) to future loss expectation. As of the October 2007 distribution date, the transaction is 170 months seasoned and has a pool factor (i.e. current mortgage loans outstanding as a percentage of the initial pool) of 0.22%. The pool has incurred cumulative losses of only 0.02% since inception and no loans are currently delinquent.
The collateral of the above transaction consists of prime, 15-year, fixed-rate mortgages secured by first liens. The loans are master serviced by Countrywide Home Loans, Inc., rated 'RPS1-' Rating Watch Evolving by Fitch.
Fitch will continue to closely monitor the above transactions. Further information regarding current delinquency, loss, and credit enhancement statistics is available on the Fitch Ratings web site at .
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, . Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.
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