Fitch Ratings, New York, lowered its U.S. real estate investment trust sector outlook to Deteriorating from Neutral.
Tag: Fitch Ratings
Industry Briefs May 16, 2023: FHFA Requests Input on GSEs’ Single-Family Pricing Framework
LenderLogix, Buffalo, N.Y., announced its streamlined point-of-sale LiteSpeed now offers a Spanish version of the residential loan application to support communication with Spanish-speaking borrowers in their native language.
CMBS Delinquency Rate Dips; Offices See Increase
The commercial mortgage-backed securities delinquency rate fell slightly in March, but the segment that everyone watches closely–office–saw its rate move higher again, reported Trepp, New York.
Industry Briefs May 4, 2023: Peak Residential Lending Partners with LenderLogix
LenderLogix, Buffalo, N.Y., announced Peak Residential Lending implemented its application suite – LiteSpeed, QuickQual and Fee Chaser – into its existing tech stack to power a digital borrower experience.
Fitch: Retailers Can Secure Their Positions with Omnichannel Investment
Stores with multiple ways to engage with customers have a solid, defensible position in the retail landscape given consumer preference for some level of in-person shopping, reported Fitch Ratings, New York.
Fitch: U.S. Homeowners Insurers to See Improved 2023 Results on Premium Growth
Fitch Ratings, Chicago, said U.S. homeowners’ insurance is poised to post a statutory underwriting loss for 2022 reported results, as insurers continue to face above-average catastrophe losses and claims cost uncertainty from persistently high inflation and heightened macroeconomic volatility.
Industry Briefs Mar. 17, 2023: HUD Overhauls Disaster Recovery Program
HUD announced an overhaul of the agency’s disaster recovery efforts to better serve communities that face the direct impacts of weather-related disasters.
February Housing Starts Up Nearly 10%
February housing starts, permits and completions posted near double-digit percentage increases, ending five months of declines, HUD and the Census Bureau reported Thursday.
CMBS Delinquency Rate Dips; Special Servicing Rate Increases
Fitch Ratings, New York, reported the commercial mortgage-backed securities delinquency rate decreased two basis points in February to 1.83%.
Industry Briefs Mar. 3, 2023: Fitch Ratings Says FHA Premium Cuts ‘Credit Neutral’ for Private Mortgage Insurers
Fitch Ratings, New York, said recently announced reductions in the Federal Housing Authority mortgage insurance premium rates are not expected to have a meaningful credit impact on private U.S. mortgage insurance carriers.