...This report details Fitch Ratings' loan-level model for estimating losses on Canadian residential mortgage loans. The methodology will be applied to Canadian residential mortgages collateralizing new and existing covered bond programs, as well as those supporting asset- backed commercial paper (ABCP) facilities and residential mortgage-backed securities (RMBS). For ABCP and RMBS, references to ratings should be read with an "sf" suffix in cases where the criteria are to be applied. This report replaces Fitch's May 15, 2013 report of the same title and should be read in conjunction with the related criteria listed in the left margin below. No material changes have been made to the methodology....
