Fitch Updates U.S. RMBS Surveillance and Re-REMIC Criteria

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has updated its criteria for analyzing outstanding U.S. RMBS for potential rating changes and Re-REMICs. The report discusses Fitch's asset loss analysis, cash flow analysis, and counterparty analysis.

Key revisions to the criteria include a more detailed explanation of Fitch's methodology for monitoring transactions backed by reverse mortgages and an update to its cash flow delinquency trigger assumption, reflecting recent updates to Fitch's 'U.S. RMBS Cash Flow Analysis Criteria'. Fitch does not expect any material rating implications as a result of the updated criteria.

The criteria report 'U.S. RMBS Surveillance and Re-REMIC Criteria' is available on the Fitch Ratings web site at 'www.fitchratings.com' or by clicking on the above link.

Additional information is available at 'www.fitchratings.com'.

U.S. RMBS Surveillance and Re-REMIC Criteria

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=880243

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View source version on businesswire.com: http://www.businesswire.com/news/home/20160421006721/en/

Fitch Ratings
Sean Nelson
Senior Director
+1-212-908-0207
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Media Relations
Sandro Scenga, New York, +1-212-908-0278
[email protected]

Source: Fitch Ratings

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