Fitch Downgrades RALI MBS Classes

Published January 17, 2008, 2:00 p.m. EST

1 Min Read

Ninety classes from 19 issues of Residential Accredited Loans Inc. mortgage-backed securities have been downgraded by Fitch Ratings. In addition, Fitch placed four classes on Rating Watch Negative, removed nine classes from Rating Watch Negative, and affirmed the ratings on 26 other classes in the transactions. The negative rating actions were attributed to deterioration in the relationship between credit enhancement and loss expectations. The collateral consists chiefly of first-lien, alternative-A mortgage loans.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM NATIONAL MORTGAGE NEWS

Law and legal issues

Santander Bank sued for overcharging HELOC borrowers

A new class action lawsuit accuses the banking giant of failing to lower borrowers' interest rates following a series of Federal Reserve rate cuts.

By Andrew Martinez
Reporter

1h ago
Mortgage technology

Figure's consumer marketplace volume more than doubles

The fintech's Figure Connect private credit loan exchange has grown to account for 56% of total consumer marketplace activity in early 2026.

By Spencer Lee
Technology Reporter

July 8
Secondary markets

Agency MBS issuance slows in June on fewer refis

However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.

By Brad Finkelstein
Originations Editor

July 8
Secondary markets

Bank uses a twist on credit-linked notes for capital relief

OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.

By Bonnie Sinnock
Capital Markets Editor

July 8
Fiserv

Fiserv's executive turnover continues with president's resignation

President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.

By John Adams
Executive Editor, Payments

July 8
Federal Reserve

Study shows decade-long decline in federal enforcement activity

Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.

By Kyle Campbell
Staff writer

July 8

Load More