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Home » Fitch Cites Origination Practices on Jumbo MBS
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Fitch Cites Origination Practices on Jumbo MBS

February 20, 2015
A planned jumbo mortgage-backed security from Credit Suisse received some criticism from Fitch Ratings due to concerns about the origination practices of some of the lenders that contributed mortgages to the deal. The rating service increased its default assumptions for the $405.27 million CSMC 2015-1. “Fitch applied a conservative treatment – higher probability of default – due to its limited visibility to the individual lender origination practices ...
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