Delinquency Volatility Prompts Fitch to Extend Re-REMIC Moratorium to All U.S. Alt A MBS
October 23, 2009
A sudden and unexpected surge in delinquency volatility has prompted Fitch Ratings to extend an existing moratorium on rating certain U.S. residential MBS re-securitizations to now include all transactions comprised of Alt A loans, not just those with overcollateralization structures. “Fitch has provided ratings on re-REMIC transactions backed by prime jumbo mortgages and those backed...