...This report presents Fitch Ratings' criteria for analysing securities backed by Irish residential mortgage loans. The criteria assumptions will be used to rate new and existing RMBS transactions and the mortgage loss assumptions will also apply to covered bond programmes. The market value decline (MVD) assumptions will be used for SME CLOs secured by residential real estate. This report should be viewed with the EMEA Residential Mortgage Loss Criteria published 28 May 2014 and EMEA RMBS Cash Flow Analysis Criteria, 28 May 2014, for a full explanation of Fitch's approach to assigning new ratings to Irish RMBS....