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Loan Modification

: Mortgage Lender Implode-o-Meter

Fitch: U.S. RMBS Loss Severities to Rise 5-10% on Rising Costs & Weakening Home Values

By Implode-Explode Heavy Industries

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"Loss severities on distressed U.S. residential mortgage loans are likely to increase an additional 5-10% from current levels due to higher loss mitigation and foreclosure expenses and weakening home values, according to the latest RMBS Performance Metrics results from Fitch Ratings."

Full post as published by Mortgage Lender Implode-o-Meter on December 16, 2010 (boomark / email).

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