NEW YORK--(BUSINESS WIRE)--Fitch Ratings has published a special report containing operational assessments of U.S. residential loan aggregators and originators. This report provides assessments of 24 entities, covering company and management experience, risk management/quality control, sourcing and acquisition of assets, underwriting/credit evaluation, property valuation, and performance history.
As part of its operational review effort, and in conjunction with its RMBS rating process, Fitch holds full reviews and/or targeted discussions with originators and aggregators prior to RMBS bond issuance. Fitch transaction presale reports had previously contained assessments on individual subject aggregators and originators; today's release serves to consolidate the assessments into one report.
Fitch expects to update the U.S. RMBS Aggregator/Originator report over time with changes to individual assessments and with the addition of newly reviewed entities.
Additional information is available at 'www.fitchratings.com'.
U.S. RMBS Aggregator/Originator Review
U.S. RMBS Master Rating Criteria (pub. 21 Jan 2016)
U.S. RMBS Servicer Handbook (Servicing At A Glance)