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Home » Store » News » Fitch Changes Tune on Jersey Loans

Fitch Changes Tune on Jersey Loans

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After reviewing the “New Jersey Home Ownership Act of 2002” and talking with state officials, Fitch Ratings now believes it can rate securitization deals that have residential mortgage loans originated in the Garden State. The hitch, says Fitch, is that only pools backed by loans originated after Nov. 26 will be rated, subject to additional credit enhancement and some restrictions.
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