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Volume 2018 - Number 39

October 19, 2018

Fitch Faults Rating Service Competitors on Galton Non-Agency MBS; Suggests Criticism Will Continue

Fitch Ratings issued a commentary this week criticizing other rating services for the preliminary ratings they made on a non-agency MBS from Galton Funding. The company also suggested that it will increase its output of unsolicited commentary due to “late-cycle credit behavior.”

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.



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