However, related hedging costs and further realized losses
again impacted Winterthur's capital base in the third quarter of 2002.
Although the Internal Revenue Service rejected the tax loss claims, until recently the agency had been rebuffed in the courts, which concluded the exchanges resulted in realized losses
--because the exchanged mortgages were materially different--and the realized losses
were deductible because the statutory "wash sale" rules did not apply to mortgages.
The increased rate is a result of the continuing decline in the total collateral balance as a result of realized losses
Each of the four deals has higher than average delinquencies and realized losses
for CMBS transactions.
NEW YORK -- Both realized losses
and delinquencies increased notably this past month, according to the latest U.
In addition, Fitch has previously withdrawn the ratings of classes E through M due to realized losses
incurred to date.
Though CREL CDO delinquencies have lingered between 12% and 13% over the last year, realized losses
have continued to accumulate,' said Director Stacey McGovern.
The downgrade and RR revisions are due to realized losses
of approximately $750,000 to class F-2.
CREL CDO delinquencies last month but escalating realized losses
, according to the latest U.
CREL CDO delinquencies under 13%, realized losses
continue to grow, according to the latest CREL CDO delinquency index results from Fitch Ratings.
1 million in pre-tax impairment charges and realized losses
will result in the Company reporting a net loss for the third quarter of 2008.
A-5 and A-6 have been reduced to zero due to realized losses