Volume 2014 - Number 1
January 3, 2014
Fitch Ratings recently released new loan-loss model criteria for jumbo mortgage-backed securities. The rating service said the new loss criteria could result in higher credit enhancement requirements for new jumbo MBS. The new criteria assign a penalty to loans sourced through non-retail channels. The rating service will now include a borrowers liquid reserves as a variable in its loss modeling. Fitch will apply a 25 percent haircut to the reported reserve amount based on the volatility ... [Includes five briefs]
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