Fitch Updates U.S. RMBS Surveillance and Re-REMIC Criteria

NEW YORK--()--Link to Fitch Ratings' Report: U.S. RMBS Surveillance and Re-REMIC Criteria

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=866259

Fitch Ratings has published its annual update to the criteria to monitor and analyze outstanding U.S. RMBS for potential rating changes and Re-REMICs. The report discusses Fitch's asset loss analysis, cash flow analysis, and counterparty analysis.

Key revisions to the criteria include a loss severity adjustment for newly-issued re-REMIC transactions, a description of the surveillance process for GSE risk-sharing transactions, and greater transparency regarding several specific methodologies used in the surveillance process to determine credit ratings. Fitch does not expect any material rating implications as a result of the updated criteria.

The criteria report 'U.S. RMBS Surveillance and Re-REMIC Criteria' is available on the Fitch Ratings web site at 'www.fitchratings.com' or by clicking on the above link.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria & Related Research:

--U.S. RMBS Rating Criteria (July 2014);

--U.S. RMBS Loan Loss Model Criteria (November 2014);

--Global Structured Finance Rating Criteria (March 2015);

--Criteria for Interest Rate Stresses in Structured Finance Transactions and Covered Bonds (December 2014);

--U.S. RMBS Cash Flow Analysis Criteria (April 2015);

--Counterparty Criteria for Structured Finance and Covered Bonds (May 2014);

--Criteria for Servicing Continuity Risk in Structured Finance (July 2014);

--Criteria for Rating Caps and Limitations in Global Structured Finance Transactions (May 2014);

--Global Rating Criteria for Structured Finance CDOs (July 2014);

--US RMBS Re-Performing Loan Criteria (November 2014).

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Contacts

Fitch Ratings
Sean Nelson
Director
+1-212-908-0207
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Media Relations:
Sandro Scenga, +1 212-908-0278
sandro.scenga@fitchratings.com

Contacts

Fitch Ratings
Sean Nelson
Director
+1-212-908-0207
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Media Relations:
Sandro Scenga, +1 212-908-0278
sandro.scenga@fitchratings.com