Fitch Ratings affirms the following ChaseFlex Trust
issue:
Series 2005-1
-- Class A at 'AAA'.
All of the mortgage loans in the aforementioned transaction were either originated or acquired by Chase Home Finance LLC. The mortgage loans consist of fixed rate one- to four-family first lien residential mortgage loans with original terms to stated maturity of not more than 30 years.
The affirmation reflects a satisfactory relationship between credit enhancement (CE) and future loss expectations and affects approximately $350.7 million of outstanding certificates. Class A in the series 2005-1 transaction has experienced small growth in CE since closing, and there have been no collateral losses to date. As of the January 2006 distribution date, series 2005-1 transaction is 11 months seasoned, and the pool factor (current mortgage loan principal outstanding as a percentage of the initial pool) is approximately 80%.
Chase Home Finance LLC, rated 'RPS1' for Prime and Alt-A products by Fitch, is the servicer for the transaction detailed above.
Fitch will continue to closely monitor this transaction. Further information regarding current delinquency, loss, and credit enhancement statistics is available on the Fitch Ratings website at www.fitchratings.com.
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. 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.
Series 2005-1
-- Class A at 'AAA'.
All of the mortgage loans in the aforementioned transaction were either originated or acquired by Chase Home Finance LLC. The mortgage loans consist of fixed rate one- to four-family first lien residential mortgage loans with original terms to stated maturity of not more than 30 years.
The affirmation reflects a satisfactory relationship between credit enhancement (CE) and future loss expectations and affects approximately $350.7 million of outstanding certificates. Class A in the series 2005-1 transaction has experienced small growth in CE since closing, and there have been no collateral losses to date. As of the January 2006 distribution date, series 2005-1 transaction is 11 months seasoned, and the pool factor (current mortgage loan principal outstanding as a percentage of the initial pool) is approximately 80%.
Chase Home Finance LLC, rated 'RPS1' for Prime and Alt-A products by Fitch, is the servicer for the transaction detailed above.
Fitch will continue to closely monitor this transaction. Further information regarding current delinquency, loss, and credit enhancement statistics is available on the Fitch Ratings website at www.fitchratings.com.
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. 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.