Residential mortgage borrowers are missing more payments and taking advantage of payment holiday programs at a higher rate than comparable-credit borrowers of auto loans and credit cards, said Fitch Ratings New York.
Tag: Fitch Ratings
Housing Finance Roundup: July 13, 2020
MBA NewsLink summarizes more than half a dozen new reports from Redfin; Zillow; First American Financial Corp.; Fitch Ratings; ATTOM Data Solutions; and Black Knight.
Fitch Ratings: Coronavirus Sparks Largest-Ever CMBS Delinquencies Rate Jump
June saw the largest month-over-month increase in the commercial mortgage-backed securities delinquency rate in more than 15 years, reported Fitch Ratings, New York.
Industry Briefs July 7, 2020
CoreLogic, Irvine, Calif., launched OneHome, a virtual, collaborative platform for real estate agents and their clients looking to buy, sell or make improvements to a home. Following a launch with Ohio-based Yes-MLS, OneHome is expected to be nationally available by the end of 2020 to the more than 850,000 real estate agents in North America who currently use CoreLogic’s multiple listing platform.
Distressed Debt Monitor: Special Situations in Commercial Real Estate
As economies reopen against a backdrop of decreased consumer demand and continued government relief, commercial real estate investors are grappling with a double-edged sword: defending certain existing challenged debt and equity positions on one hand and seeking new opportunities given shifted market dynamics.
Industry Briefs June 30, 2020
Roostify, San Francisco, announced a partnership with Factual Data as part of an expansion that will allow loan officers to run borrower credit and view findings within the Roostify platform.
Fitch Ratings: CRE Defaults Likely To Rise After Forbearance Periods
Fitch Ratings, New York, said it anticipates commercial real estate loan defaults will rise at the end of forbearance periods.
Fitch: Title Insurers ‘Well-Capitalized’ Against Coronavirus Fallout
Fitch Ratings, Chicago, said while U.S. title insurer revenues will likely decrease in 2020 from pressure on both the residential and commercial real estate markets as they continue to grapple with the fallout from the ongoing coronavirus pandemic, after a strong 2019, capitalization levels will likely be adequate.
CMBS Delinquency Rate Sees Largest Monthly Jump Since 2009
Analysts expected a jump in the commercial mortgage-backed securities loan delinquency rate during May, but few expected how big that jump would be.
Andrew Foster: Mezzanine Market Musings
The commercial real estate mezzanine loan market is ripe with interesting market developments this year.