Fitch Webcast Today: New U.S. RMBS Criteria & Loan Default Model, ResiLogic.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Extensive research by Fitch Ratings' U.S. RMBS RMBS Residential Mortgage-Backed Securities RMBS Rambus, Inc. (NASDAQ stock symbol) RMBS Russian Mortgage-Backed Securities group uncovered a strong tie-in between mortgage defaults and combined loan-to value ratios (CLTVs), FICO scores FICO Score A standard credit score which makes up a substantial portion of a credit report that credit bureaus sell to lenders so they can asses an applicant's credit risk and whether to extend them credit. and market sector, along with underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. standards. Fitch parlayed these and other findings into new rating criteria for U.S. RMBS, along with a new loan default model (ResiLogic) that will be made publicly available so market participants The term market participant is used in United States constitutional law to describe a U.S. State which is acting as a producer or supplier of a marketable good or service. When a state is acting in such a role, it may permissibly discriminate against non-residents. can utilize the same tools used by Fitch in its modeling and assessment of RMBS. Fitch will be discussing ResiLogic in more detail during an audio Webcast and Teleconference this morning at 11:00am ET. Fitch analyzed over 1.6 million prime, Alt-A and subprime mortgage loans originated between 1992 through 2000 in creating ResiLogic. Managing Director Glenn Costello will be joined by additional RMBS analysts as they outline the pivotal attributes of the agency's new criteria and model, with a Q&A session immediately to follow. Webcast and Teleconference Information: --When: Oct. 12, 2006 at 11:00am ET --US Dial-In: +1-877-241-2557 --International Dial-In: +1-706-643-7396 --Conference ID: 6571779 Webcast Link: http://www.visualwebcaster.com/event.asp?id=35991 Webcast and Teleconference Replay: An audio recording will be accessible for replay four hours after the conference call ends. Your access details are: --Replay US Dial-In: +1-800-642-1687 --Replay International Dial-In: +1-706-645-9291 --Conference ID: 6571779 Fitch's new report, 'ResiLogic: U.S. Residential Mortgage Loss Model' is available on the agency's web site at www.fitchratings.com. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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