On October 16, Fitch Ratings announced that as of October 14, its moratorium on rating certain U.S. residential mortgage-backed securities (RMBS) re-securitizations was expanded to include all Alternative A-Paper (Alt-A) loan transactions. The agency’s existing moratorium previously covered U.S. re-securitizations of RMBS backed by subprime loans and Alt-A loans only if the RMBS utilized an overcollateralization structure.
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Fitch’s re-REMIC moratorium expanded to all U.S. Alt-A RMBS
- Katten Muchin Rosenman LLP
- USA
- October 23 2009
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Audrey E Mross
Labor & Employment Attorney
Munck Carter LLP