The U.S. commercial mortgage-backed securities delinquency rate decreased nine basis points to 2.19% in March, according to Fitch Ratings, New York.
Tag: Fitch Ratings
Fitch: Life Insurers CRE Risks Grow; Remain Within Ratings Expectations
Fitch Ratings, New York, said the U.S. life insurance sector has “material exposure” to commercial real estate, but noted insurer ratings are unlikely to move due to potential CRE losses.
Fed Holds Rates Steady; Signals Cut Later
The Federal Reserve’s Federal Open Market Committee held rates unchanged at its March meeting and continued to signal its next move will be a rate cut.
Fitch Ratings: Mortgage Insurer Ratings Reflect Strong Borrower Credit Performance
Fitch Ratings, New York, said underwriting results for U.S. mortgage insurers remained very strong through 2023.
Bank Multifamily Asset Quality to Deteriorate Amid Higher Refi Rates: Fitch
Fitch Ratings, New York, said it expects banks’ asset-quality metrics to deteriorate for certain U.S. multifamily loans as borrowers will face elevated risks from higher refinancing rates and valuation pressures as loans mature over the next few years.
Fitch Says Weaker Collateral for Non-QM/Non-Prime 2023 RMBS Leads to Elevated Delinquency Rate
Fitch Ratings, New York, said delinquencies for non-QM 2023-vintage RMBS transactions are higher than the 2022 vintage, reflection weaker collateral attributes.
Fitch: Outlook for Equity REITs is Deteriorating
Fitch Ratings, New York, said the outlook for U.S. equity real estate investment trusts in 2024 is deteriorating.
Fitch: Weaker Demand but Normalizing Dynamics for Building Products in 2024
Fitch Ratings, New York, reported it expects overall weaker demand for North American building products and materials companies in 2024.
Fitch: 2024 Outlook for Mortgage Insurers Revised to Neutral
Fitch Ratings, New York, has revised its 2024 sector outlook for U.S. mortgage insurers to neutral. Previously the outlook had it at deteriorating.
Fitch Shifts its Outlook for U.S. Title Insurers to Neutral in 2024
Fitch Ratings, New York, shifted its sector outlook for the U.S. title insurance market to neutral for 2024.