Fitch has proposed adjustments to its non-agency MBS rating criteria that would levy penalties related to natural disaster risk. The impact of the proposal will largely be offset by other adjustments, according to the rating service.

The correspondent share of jumbo originations declined in the first quarter of 2019 after reaching relatively high levels in the second half of 2018. The retail channel remained the main source of production while brokers gained  market share.

Fitch Ratings plans to apply a penalty for natural-disaster risk when rating non-agency MBS and CRTs issued by Fannie Mae and Freddie Mac...

Even current mortgagors don't know the minimum requirements...