... Mortgage-Backed Notes, Series 2026-CES10 (October 2026) (October 2026) The representations, warranties and enforcement mechanisms (RW&Es) contained in the transaction's offering documents that are available to investors for RCKT Mortgage-Backed Notes, Series 2026-CES10 (RCKT 2026-CES10), are comparable to those typically contained in U.S. RMBS, as described in Fitch Ratings' special report, "Representations, Warranties and Enforcement Mechanisms in Global Structured Finance Transactions," dated September 12, 2024. Weaknesses in this framework compared to what Fitch considers to be a Tier 1 framework include minor variances to the loan-level representations (reps) and a prescriptive testing framework with a lack of reviewer latitude. Given these differences, Fitch viewed this framework as consistent with a Tier 2 framework. For this transaction, reps and warranties are provided by the underlying originator, Rocket Mortgage, LLC. The RW&Es...
