The increased amount of credit enhancement required in residential mortgage securitizations affected by predatory lending law risk can be "somewhat mitigated" if an analysis of the originators' compliance procedures shows that the originator has "significant strengths in this area," according to Fitch Ratings.If such strengths are demonstrated, "credit enhancement might then be reduced, although some increased enhancement would remain since no originator is viewed as completely free of concern," Fitch said in a Nov. 12 report. Fitch can be found on the Web at http://www.fitchratings.com.
Processing Content
