Fitch Ratings has assigned Citigroup Mortgage Loan Trust (CMLTI) 2009-1 ratings as follows:
--$26,466,000 classes 1A1, 1A1A and 1A1B at 'AAA';
--$30,675,000 classes 2A1, 2A1A and 2A1B at 'AAA';
--$34,409,000 classes 3A1, 3A1A and 3A1B at 'AAA'.
The Rating Outlook is Stable for all tranches.
This transaction contains certain classes designated as exchangeable certificates and others as regular certificates. The class 1A1A, 1A1B, 2A1A, 2A1B, 3A1A and 3A1B certificates are exchangeable certificates. The rest of the classes are regular certificates.
This transaction consists of three groups. Group 1 is a resecuritization of approximately 5.96% interest in the class 1-A1A mortgage pass-through certificates from CMLTI 2007-AR4, which represents beneficial ownership interest in adjustable-rate, conventional, first lien residential mortgage loans, substantially all of which have original terms to stated maturity of 30 years.
Group 2 is a resecuritization of approximately 22.93% interest in the class 2A1 mortgage pass-through certificates from GSR Mortgage Loan Trust 2007-AR2, which represents beneficial ownership interest in adjustable-rate, conventional, first lien residential mortgage loans, substantially all of which have original terms to stated maturity of 30 years.
Group 3 is a resecuritization of approximately 100% interest in the class 3-A-1 mortgage pass-through certificates from STARM Mortgage Loan Trust 2007-3, which represents beneficial ownership interest in adjustable-rate, conventional, first lien residential mortgage loans, substantially all of which have original terms to stated maturity of 30 years.
As a resecuritization, the certificates will receive their cash-flow from the underlying classes of certificates.
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Contacts:
Fitch Ratings, New York
Ben Noland, 212-908-0743
Alla Sirotic,
212-908-0732
or
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Sandro Scenga,
212-908-0278
Email: sandro.scenga@fitchratings.com