Loan Modification Push Will Affect Securitized Mortgages: Fitch

"Loan modifications will grow to 15 percent of 2005-2007 vintage securitized mortgages over the next twelve months from virtually none, according to a report released Tuesday morning by analysts at Fitch Ratings. The agency said it has received a number of inquiries on proposed changes to transaction documents that expand the servicer’s ability to do modifications, a sea-change in how investors are looking to manage mortgage-related investments."