Fitch Sees 60% of Current RMBS Borrowers Underwater

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On the credit side, delinquencies among commercial borrowers remain low – for now. Fitch Ratings’ U.S. CMBS delinquency index fell for the fifth straight month in June to 0.29%, or two basis points.

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Adam B. Ashcraft Senior Economist, Banking Studies Federal Reserve. – present the key structural features of a typical subprime. securities (MBS) was dominated by loans to prime borrowers. $60 billion Alt-A + $430 billion jumbo) and issued $240 billion.. See Appendix 1 for further discussion of.. decline of 10 percent could put half of all subprime borrowers underwater.

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Fitch: 60% of 2006-07 RMBS Mortgages Underwater. The sustained negative pressure on the remaining performing borrowers has also been driven in part by the continued rise in unemployment, which has reached 9.8% nationally and a record level of 12.2% in California, where the greatest percentage of RMBS borrowers is located.

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(Repeat for additional subscribers) Nov 8 (Reuters) – (The following statement was released by the rating agency) Fitch Ratings has assigned Lunet RMBS 2013- I B.V.’s notes final ratings, as.

Fitch Sees 60% of Current RMBS Borrowers Underwater . The majority – 60% – of remaining performing borrowers within ’06- and ’07-vintage residential mortgage-backed securities (RMBS) bear negative home equity, meaning they are underwater on their mortgages and owe more than their houses are worth.

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