Citigroup Mortgage Loan Trust 2009-7 is rated by Fitch Ratings as follows:
–USD6,367,000 class 2A1 ‘AAA’, Outlook Stable;
–USD13,997,000 class 3A1 ‘AAA’, Outlook Stable.
This transaction consists of five groups. Fitch rated Groups 2 and 3 only. Each group is a resecuritization of ownership interest in certain mortgage-backed certificates. As resecuritizations, the certificates will receive their cash-flows from the underlying classes of certificates. The underlying certificates are backed by conventional Alt-A and Prime first-lien mortgage loans. The group-to-bond associations for the Fitch-rated groups are as follows:
Group 2: 4.98% interest in the RFMSI Series 2006-S10 Trust Mortgage Pass-Through Certificates, class II-A-1. Credit enhancement for the 2A1 certificate is provided by the structural support on the underlying transaction and by the 10% class 2A2 bond.
Group 3: 56.16% interest in the CSMC Mortgage-Backed Trust 2006-6 CSMC Mortgage-Backed Pass-Through Certificates, class 1-A-12. Credit enhancement for the 3A1 certificate is provided by the structural support on the underlying transaction and by the 44% class 3A2 bond.
Collateral was analyzed according to Fitch’s published ResiLogic criteria, with the exception of seasoning credit being removed for all loans. Fitch is currently evaluating the seasoning credit given by ResiLogic and will update its criteria accordingly.
L.D.