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Home » Fitch Expects Minimal Rating Impact for Deal Agent in Non-Agency MBS, Some Help for MBS with Weak R&W
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Fitch Expects Minimal Rating Impact for Deal Agent in Non-Agency MBS, Some Help for MBS with Weak R&W

July 8, 2016
Issuers considering including a deal agent in new non-agency MBS will have to look to investors to pay up for the feature as there won’t be much of a rating benefit, according to Fitch Ratings. Some investors have been pushing for a deal agent that would have oversight of various participants in the transaction along with a fiduciary duty to investors. Broad outlines for deal agent responsibilities have been established, but details regarding compensation remain uncertain. Some issuers, including Redwood Trust, have indicated...
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