Low doc investor loans on the rise in RMBS

Fitch Ratings flagged a rising risk in the RMBS market in a note this week, as more investor loans are originated using little or no traditional documentation during underwriting.

  • By Max Adams
  • 14 May 2018

“A rise in non-traditional or no income borrower documentation has led to significant variation in the credit risk of recently originated investor property loans in US RMBS deals,” the Fitch analysts wrote.

A deal issued by Invictus Capital Partners last month was priced wide compared to other ...

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