Rating agencies adopt new fee structure for RMBS

Standard & Poor's, Moody's and Fitch have agreed fee reforms at the behest of New York State attorney-general Andrew Cuomo.

The changes affect the loan data required for rating residential mortgage-backed security (RMBS) asset pools, as well as the fee structure charged by the rating agencies.

Previously, rating agencies were not paid for initial reviews of portfolios or for negotiations relating to the structuring for those pools. As a result of extended discussions with Cuomo, the agencies have

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: