Fitch Ratings, New York, said delinquencies for non-QM 2023-vintage RMBS transactions are higher than the 2022 vintage, reflection weaker collateral attributes.
Tag: Fitch Ratings
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.
Fitch Ratings: WeWork Bankruptcy Unlikely to Pressure Office REIT Occupancies
WeWork’s recent bankruptcy filing should have little or no direct credit effect for U.S. equity real estate investment trusts, given minimal, or no, exposure in rated issuers’ portfolios, according to Fitch Ratings, New York.
Fitch Ratings: U.S. Non-Bank Mortgage Capital ‘Resilient to Earnings Pressures’ in 2024
Fitch Ratings, New York, said it expects headwinds to continue to pressure revenue and earnings of non-bank mortgage companies next year, as origination volumes remain challenged given the higher-for-longer rate environment and industry overcapacity.
Fitch Ratings: Life Insurers Can Withstand Commercial Real Estate Deterioration
Fitch Ratings, New York, said U.S. life insurers’ ratings are not currently at risk from commercial real estate exposure, due to insurers’ stable investment portfolios, conservative underwriting, strong liquidity and effective asset-liability management.
Fitch: Despite Some Moderation, Homes Prices Remain Overvalued in Most of the U.S.
Fitch Ratings, New York, estimates home prices are overvalued in 82% of the U.S. metros, with nearly half of these areas overvalued by 10% or more.
Fitch: Macroeconomic Pressures Continue for Title Insurers
Broad macroeconomic headwinds continue to pressure title insurers’ revenue as mortgage rates and housing affordability depress origination volumes, reported Fitch Ratings, New York.