Fitch Ratings is further developing its criteria for evaluating the performance of RMBS originators and trustees, said analysts from the rating agency at a breakfast meeting for investors held last week. The breakfast forum was entitled, "How Criteria Becomes Credit Enhancement."

According to Fitch Managing Director Diane Pendley, the originator review process was developed in response to the increased risk in today's environment. The list of risks includes marginal credit standards, inflated property valuations, the increased reliance on technology, and the potential for risk layering within a loan, etc.

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