Fitch Updates U.S. RMBS Seasoned and Re-Performing Loan Criteria
NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has updated its criteria report for analyzing outstanding U.S. RMBS Seasoned and Re-performing loans. The report outlines Fitch's methodology for analyzing residential mortgage-backed securities (RMBS) backed by RPLs and seasoned performing loans purchased in the secondary market and issued starting in 2014.
Changes to the report include disclosure of the assumptions for addressing due diligence findings and document exceptions for seasoned and RPL pools applied in Fitch's mortgage loan loss model. The disclosure will not impact existing ratings.
The criteria report 'U.S. RMBS Seasoned and Re-Performing Loan Criteria' is available at 'www.fitchratings.com' or by clicking on the link above.
Additional information is available at 'www.fitchratings.com'.
U.S. RMBS Seasoned and Re-Performing Loan Criteria
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=880720
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE '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. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160512006631/en/
Fitch Ratings
Suzanne Mistretta
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Sandro Scenga
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Source: Fitch Ratings
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