...This report provides a macro view of metrics useful in evaluating the fundamental credit quality of securitized assets, both from loan-level and pool-level perspectives. The focus is on several major asset classes underlying U.S. st ructured finance securities, notably residential mortgages, commercial mort gages, credit cards, student loans, and auto loans. The metrics and associated in terpretations are synthesized from Fitch Ratings structured finance ratings criter ia, published commentary, deal reports, surveillance process, and performance indi ces. These metrics reflect elements of Fitch s structured finance ratings process and are aggregated within a single report to provide market participants with an access ible, transparent, and integrated resource for analyzing fundamental credit quality across structured finance asset classes. It is important to note that the cash flow st ructure of securitization transactions, while clearly essential to the risk profile...
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