Financial guarantors as a group appear relatively well positioned to withstand stresses from the deterioration of the subprime lending market, Fitch Ratings said in a report.
Securitizations of loans from originators by clients with below average credit ratings have been threatened with instability lately, the report noted.
Fitch said financial stress at mortgage originators and services threaten the residential-backed mortgage securities (RBMS) sector in a number of ways.
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