Cure Rates Plunge Among Prime RMBS, Fitch Says

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Cure Rates Plunge Among Prime RMBS, Fitch Says P osted on the Housing Wire by Diana Golobay: A slower cure rate among delinquent loans erased improvements in the number of loans rolling into delinquency status among US residential mortgage-backed securities (RMBS), according to Fitch Ratings .

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Fitch ratings notes Cure Rates Plunge Among Prime RMBS. According to Fitch, cure rate on prime mortgages plunged to 6.6% from an average 45% during 2000-2006. Alt-A cure rates plunged to 4.3% from an average 30.2% and subprime cure rates fell to 5.% from an average 19.4%.