Commercial mortgage underwriting standards have already loosened dramatically this year, but it seems that some borrowers are still trying to get away with a little more.

Fitch Ratings warned Friday that it has been “surprised” to see an increasing number of requests by borrowers to change the terms of loans backing mortgage bonds shortly after securitization.  Some of the proposed changes, had they been known by Fitch prior to issuance, would have meant the loan being modeled differently, and often, more conservatively.

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