OREANDA-NEWS. Fitch Ratings has published its fourth U.S. RMBS Mortgage Servicer Handbook, which includes quarterly servicer-provided data through December 2015.

Observations from this latest release include:

--Subprime delinquencies decreased to 10.1% from 11.2% for banks and to 30.5% from 34.5% for nonbanks, year over year. Additionally, servicers reduced FTEs over the one year period; the average reduction at banks was 11% and non-banks was 9%.
--The one year period also saw a decrease in the usage of modifications and repayment plans as loss mitigation alternatives.
--BONY Mellon doubled its master servicer portfolio due to the addition of P&I reconciliation activities for 116,000 GSE loans.
The Handbook continues to provide detailed entity-specific information on most Fitch-rated RMBS servicers, as well as a comprehensive rating and outlook report.

Handbook details include a description of all Fitch-rated RMBS servicers, their current servicer ratings and key rating drivers, portfolio size and key attributes, important trends, links to the full RMBS servicer reports, and Fitch analyst contact information.