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subprime fallout: moving forward November 28, 2007

Posted by Bradley in : Uncategorized , trackback

Fitch Ratings says (registration required):

Beginning in January 2008, Fitch U.S. RMBS rating process will incorporate a more extensive review of mortgage origination/acquisition practices, including a review of originator/conduit/issuer due diligence reports, and a sample of mortgage origination files. Additionally, Fitch is studying how a more robust system of representation and warranty repurchases could help to provide more stable RMBS performance.

Via Housing Wire.

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