As the scrutiny of home equity investment (HEI) products has accelerated, credit ratings agency Fitch Ratings this week released a report explaining its approach to such products, reiterating that it does not rate them.

While some other ratings agencies have opted to provide assessments for such products, Fitch continues to avoid “provid[ing] rating criteria for securitizations backed by HEI/HEA assets,” the report stated. It also cites some of the movements taking place in terms of the regulatory posture on these products at the state level.

“HEI/HEA providers maintain that these instruments are not loans,” the report explained. “However, some details ⇒

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