Fitch Withdraws Ratings On 80 Subprime RMBS

Fitch Ratings says it has withdrawn ratings on 80 U.S. subprime residential mortgage-backed securities because of small loan counts.

Fitch Ratings says it has withdrawn ratings on 80 U.S. subprime residential mortgage-backed securities because of small loan counts. Under its policy, ratings on bonds collateralized with pools of roughly 50 mortgage loans or fewer will be withdrawn. On average, the classes withdrawn were issued more than 13 years ago are collateralized with mortgage pools that have paid down to less than 2% of their original balances.

Click here to read the release from Fitch.