OREANDA-NEWS. Fitch Ratings has updated its criteria for analyzing loans securing residential mortgage-backed securities (RMBS) under the ability-to-repay and qualified mortgage standards that the Bureau of Consumer Financial Protection adopted as part of its amendments to Regulation Z under the Truth in Lending Act (the Rule).

This criteria report replaces Fitch's March 2014 report of the same name. No changes have been made to the criteria, which remain applicable to Fitch's analysis of all U.S. residential mortgages subject to the Rule.

The criteria are detailed in the full report, which is available at the above link and should be read in conjunction with Fitch's 'U.S. RMBS Loan Loss Model Criteria' and 'U.S. RMBS Master Rating Criteria'.