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Fitch Revises Its MBS Loss Estimates.
Mortgage Servicing News
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December 01, 2008 |
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New York-Fitch Ratings has revised its surveillance methodology for evaluating subprime residential mortgage-backed securities to reflect higher loss expectations on loans originated between 2005 and 2007.
Fitch now expects more than half of the remaining loans in subprime RMBS from those years to go into foreclosure. Specifically, Fitch predicts that of the remaining loans in transactions from 2005, 2006 and 2007, the share that will go into foreclosure is 49%, 60% and 52%, respectively. When loss severity ...
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Source: HighBeam Research, Fitch Revises Its MBS Loss Estimates.