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NEW YORK -- Fitch Ratings has taken rating action on the following two Contimortgage Home Equity Loan Trust (CMHE) mortgage pass-through certificates. Unless stated otherwise, any bonds that were previously placed on Rating Watch Negative are removed.

Series 1997-5;

--Class A-6 affirmed at 'AAA';

--Class A-8 affirmed at 'AAA';

--Class B remains at 'CCC/DR1'.

Series 1998-1;

--Class A-7 affirmed at 'AAA';

--Class A-8 affirmed at 'AAA';

--Class A-9 affirmed at 'AAA';

--Class B revised to 'CCC/DR2' from 'CCC/DR1'.

 

he collateral on the aforementioned transactions consists of mixed term fixed and adjustable rate mortgages extended to subprime borrowers. Contimortgage Corporation deposited the loans into the trust, and acts as the servicer for the collateral. Fitch has no servicer rating for Contimortgage Corporation.

Series 1997-5 classes A-6 and A-8 have a wrap provided by MBIA. Series 1998-1 classes A-7, A-8, and A-9 have a wrap provided by MBIA. For more information please refer to 'Fitch Moves to Underlying Ratings for MBIA-Insured Bonds' dated Apr. 4, 2008, available on the Fitch Ratings web site at www.fitchratings.com.

For further information regarding delinquencies, collateral attributes, and other statistical information please visit the Fitch Ratings website at www.fitchratings.com.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

"5 Ways To Ensure You Will Have a Happy Life After Divorce"

By: Karl Augustine

Life after divorce is something that most people who are going through divorce think about. Thinking about having a life after divorce or thinking about how your life will be after divorce, are common because people tend to fear for themselves. In fact, think about having a life after divorce while getting a divorce can be a sticking point for some people because they just aren't sure what their life will "look like" after divorce.

Here's 5 things to keep in mind so can have a life after divorce:

Life after divorce item 1: Think about your emotional stability...if you wanted the divorce or not, you must face it head on.
Divorce is tough and whether you're going through it or your are already past it, your emotional stability is of vital importance because you might tend to be somewhat touchy after going through an emotional ordeal. Keep in mind that your life after divorce can be great but you must admit that you will go through (or have gone through) a trying time in your life. Admitting this and facing your situation head on is important to your emotional stability and critical to you having a happy life after divorce.

Life after divorce item 2: Look at the bright side, having life after divorce could be a new start for you!
How may times in your life do you wish you could have just started over knowing what you know now? If you answered "many", don't worry, that's a common thought most of us have. Having a positive mental attitude about your new beginning will make a huge difference in how happy your life will be after divorce. Life after divorce can be fantastic and it can also be very tough if you don't remain positive about a what's in front of you. Look at the glass as being "half full" and realize that, in order to be happy after divorce, you must take advantage of the opportunity to get a fresh start!

Life after divorce item 3: Surround yourself with people you like in your free time.
Too often times people start new relationships with just about anyone because they are lonely while getting a divorce or after getting a divorce. Sparking a relationship, romantic or friendly, with anyone and everyone who will spend time with you can contribute to unhappiness in your life after divorce. Stop and think about the people that you spend time with and ask yourself, "Once my emotional turmoil has ended, would I really want to keep the relationship going with this person?". Life after divorce is tough...so, when you're deciding about divorce, going through one, or already have been through a divorce, make sure that you carefully choose who to spend your free time with or you may fall into more negativity in your life after divorce.

Life after divorce item 4: Make it a point to spend time doing things that you like to do every week.
Make sure that you spend time enjoying your life after divorce - don't forget to 'stop and smell the roses'. Some people vent, work, go into hiding, or just plain go haywire after getting a divorce and their subsequent life after divorce isn't as healthy as possible. At least once a week, take the time to go and do something that you really enjoy doing...it will help you deal with your life after divorce in a more pleasing manner.

Life after divorce item 5: Set specific goals and implement a plan to achieve those goals.
Life after divorce is a tumultuous time, your life can seemingly be 'in the balance'. In order to make sure that you feel good about yourself and enjoy the feeling that accomplishment brings, think about a goal or set of goals that you've always had but never attained. Then, prioritize those goals and devise a plan to obtain them, one by one. Implement each plan and be happy (in fact celebrate) once you've reached your goal. Your life after divorce will be markedly better and healthier if you take this concept to heart and follow it.

Visualizing your life after divorce (and thinking about what your life might be like after divorce) is a sound and logical thing to do in order to be happy after divorce. Your life after divorce does not need to be a continuation of the pain you might have gone through or are currently going through.

Life after divorce can be extremely liberating if you act based on logic plus positive emotions rather than negativity. If divorce is eminent or you've already been through divorce, take the time to actually plan your life after divorce.

Karl Augustine

"A Practical Guide To Deciding Whether Or Not To Get A Divorce" An eBook recommended by marriage counselors and relationship coaches to their clients. http://www.deciding-on-divorce.com/free-chapters.htm">Click Here To Read The 1st 2 Chapters FREE! http://www.deciding-on-divorce.com/life-after-divorce.htm">Life After Divorce

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