Moody's downgrades $137 million of Disaster Assistance Loans RMBS issued by SASCO from 2001 to 2003

New York, February 19, 2015 -- Moody's Investors Service has downgraded the ratings of 14 tranches from three transactions issued by Structured Asset Securities Corporation. The collateral backing these transactions consists of loans originated by the Small Business Administration to borrowers who have experienced property losses in disasters recognized by the United States federal government. The loans are primarily backed by single-family homes but are also backed by commercial properties, manufactured homes, multi-family homes, townhomes, land and developed lots, and prefabricated homes. The vast majority of these loans are junior liens.

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