Fitch Updates U.S. RMBS Aggregator/Originator Assessment Report
July 26 2016 - 3:40PM
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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ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.
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Fitch RatingsRoelof SlumpManaging Director+1-212-908-070533
Whitehall StNew York, NY 10004orHarrison
OkinAnalyst+1-212-908-0500orMedia Relations:Sandro Scenga, +1
212-908-0278sandro.scenga@fitchratings.com