Fitch Ratings has lowered its minimum servicing fee requirements to 20 basis points from 25 bps for mortgage-backed securities backed by prime, jumbo loans. Pending further discussions, the rating agency may drop the minimum even lower. Fitch admits, however, that it is cautious about further cuts. “Although prime securitizations have historically performed well above expectations, Fitch believes such servicing fees should be a multiple above actual costs to incorporate a stress scenario,” the company