Ratings agency Fitch took a cautious approach to the residential mortgage-backed securities market in its latest report on the sector, released Wednesday.
"It is premature to say that the U.S. private-label RMBS market has completely turned the corner," the agency said in a press release. Nonperforming and repreforming loans will continue to be the primary RMBS issuances, Fitch said, despite 25 new prime RMBS deals made over the last two quarters.
The agency also predicted that updated property values and inspections will join lien enforcement amongst its primary areas of focus when analyzing RMBS in 2015.
