NEW YORK--(BUSINESS WIRE)--Residential mortgages in US RMBS with material exceptions to the income documentation standards required to achieve Qualified Mortgage (QM) status will likely be penalized with both higher default and higher loss severity assumptions, according to Fitch Ratings. The combined penalty could increase loss projections by 1.3 to 2.0 times that of a similar non-QM loan with documentation that meets the QM standard. The amount of the adjustment will depend on the specific pr
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