Fitch Adds Alt-A Sector to RMBS Indices

Fitch Ratings has announced the addition of the alternative-A market sector to its Web-based RMBS Market Sector Performance Indices.The indices present mortgage delinquency statistics for the prime, alt-A, and subprime sectors by period of security issuance, and facilitates the comparison of performance over time, the rating agency said. The residential mortgage-backed securities indices include 60-day and 90-day delinquencies, foreclosures, real estate owned, a combined 60-day-plus status, and a short commentary on each sector's performance. The statistics and commentary are updated monthly. Fitch said the alt-A indices include Fitch-rated transactions, of all product types, for which the rating agency has a complete performance history, beginning with 1994 originations.