Fitch's LMI report sparks industry debate
- Friday, 20 May 2011
Fitch Ratings (Fitch) shook the securitisation market on May 17 when it released a proposal to change the criteria for lenders' mortgage insurance (LMI) in residential mortgage-backed securities (RMBS) transactions. While the rating agency tells KangaNews LMI will still have a firm place in RMBS structures, issuers acknowledge an openness to alternate configurations going forward.
