Post-crisis RMBS remains a niche market with very limited issuance. Weak RMBS economics, open regulatory issues, and thin investor demand have all weighed on the market's restart. While collateral underlying new issue RMBS transactions remains strong, varying rep and warranty frameworks have also emerged with mixed investor views. Fitch believes that the establishment of best practices that focus on aligning interests and increasing transparency can only improve market confidence and drive a more sustainable and scalable market.
Additional information is available on www.fitchratings.com.
The above article originally appeared as a post on the Fitch Wire credit market commentary page. The original article, which may include hyperlinks to companies and current ratings, can be accessed at www.fitchratings.com. All opinions expressed are those of Fitch Ratings.
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Global Structured Finance and Covered Bonds
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Source: Fitch Ratings
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