Texas Second Mortgage Loan
Fitch Rates Truman Capital's $134.1MM AB Ctfs, Series 2006-1
NEW YORK--(BUSINESS WIRE)--Aug. 1, 2006--Fitch rates Truman Capital Mortgage Loan Trust 2006-1, asset-backed certificates, series 2006-1 as follows:
-- $107,403,000 class A 'AAA';
-- $9,559,000 class M-1 'AA+';
-- $8,084,000 class M-2 'AA';
-- $2,460,000 class M-3 'A';
-- $2,460,000 class M-4 'A';
-- $1,898,000 class M-5 'A-';
-- $2,249,000 class M-6 'BBB+'.
The 'AAA' rating on the class A Certificates reflects the 25.05% credit enhancement provided by the 6.80% class M-1, the 5.75% class M-2, the 1.75% class M-3, the 1.75% class M-4, the 1.35% class M-5, the 1.60% class M-6 along with overcollateralization (OC). The initial OC is 4.60% growing to a target OC of 6.05%.
All certificates have the benefit of monthly excess cash flow to absorb losses.
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Former NASA flight controller to speak at After 5
The Arkansas Valley After 5 is celebrating a special guest night at their regular meeting Monday, Aug. 14 at 6:15 p.m. at Otero Junior College Student Center. Dave and Joy Hashberger and Tom and Linda Ward, a valley quartet, will be entertaining with special music.Husband and wife team Daryl and Judy Anderson, of Wichita, Kan., will be speaking. Daryl will present the special feature telling about his experience working on the Apollo Space Project. Daryl started his career in the United States Air Force, where he was trained in B-52 Bombers Bomb NAV School and spent four years at Roswell Air Force Base in New Mexico.After his discharge from the military Daryl joined Learjet in Wichita as an Avionics Tech Lead Man. His background includes working for the IBM Corporation in Huntsville, Ala., where he learned the hardware on the I.U.