Fitch downgrades $247 million in Countrywide subprime transactions

The rating agency downgraded $247 million in Countrywide subprime loan transactions as the transactions experienced 60-day delinquency rates of ranging from 7-40%. In the process the ratings agency affirmed the ratings of $2 billion of the subprime-based transactions. Here’s the breakdown – check out the delinquency numbers on these things!

CWABS 2003-BC3 60+ day Delinquency: 26.73%
CWABS 2003-BC4 60+ day Delinquency: 18.01%
CWABS 2003-BC5 60+ day Delinquency: 16.06%
CWABS 2003-BC6 60+ day Delinquency: 12.35%
CWABS 2003-5 Group 1 60+ day Delinquency: 6.79%
CWABS 2003-5 Group 2 60+ day Delinquency: 40.99%
CWABS 2004-BC4 60+ day Delinquency: 18.59%
CWABS 2004-1 60+ day Delinquency: 14.92%
CWABS 2004-5 60+ day Delinquency: 19.51%
CWABS 2004-8 60+ day Delinquency: 28.68%
CWABS 2004-11 60+ day Delinquency: 28.76%