NEW YORK--(BUSINESS WIRE)--Fitch Ratings has published an update to its special report containing operational assessments of U.S. residential loan aggregators and originators. This report provides assessments on 26 entities, covering company and management experience, risk management/quality control, sourcing and acquisition of assets, underwriting/credit evaluation, property valuation, and performance history.
Newly added coverage includes aggregator review summaries of FirstKey and Two Harbors.
In addition, the report contains updated assessment summaries of:
EverBank
Fannie Mae
First Republic Bank
Freddie Mac
Redwood Trust
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 updates its 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'.
Applicable Criteria and Related Research:
--'U.S. RMBS Master Rating Criteria' (July 2016)
--'U.S. RMBS Servicer Handbook' (July 2016
Applicable Criteria
U.S. RMBS Master Rating Criteria (pub. 27 Jun 2016)
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=882350
Related Research
U.S. RMBS Aggregator/Originator Reviews (Fitch Operational Risk Assessments)
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=885429
U.S. RMBS Servicer Handbook (Servicing At A Glance)
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=885069
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