Foreclosure Probe May Increase RMBS Loss Severities

29 Sep 2010

Investigation of the foreclosure process by mortgage servicers may ultimately result in a stalled foreclosure process that could lead to increased loss severities of residential mortgage backed securities, according to Fitch Ratings.

Investigation of the foreclosure process by mortgage servicers may ultimately result in a stalled foreclosure process that could lead to increased loss severities of residential mortgage backed securities, according to Fitch Ratings. Fitch said it may consider taking rating actions on any servicer that it determines ...

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