U.S. non-bank mortgage companies are positioned to withstand liquidity and funding pressures amid the fallout from recent bank failures, growing recessionary risks and tightening lending standards, reported Fitch Ratings, New York.
Tag: Fitch Ratings
Fitch Ratings: NOI Growth for CMBS Properties Sees Good 2022, but Slower 2023 Likely
Fitch Ratings, New York, reported property-level net operating income for loans securitized within Fitch-rated U.S. multi-borrower CMBS grew 6.3% in 2022, but warned that kind of growth likely won’t be sustainable this year.
Fitch: Commercial mREIT Sector Faces Further Pressures in 2023
Fitch Ratings, New York, said commercial mortgage real estate investment trust ratings will continue to be challenged by post-pandemic occupancy rates, “with growing recessionary risks and further deterioration of commercial real estate fundamentals.”
Fitch: RMBS Servicers Focus on Struggling Borrowers; Delinquencies Remain Flat
Servicers continued to work with struggling homeowners to avoid loan default as delinquent loans remained flat in late 2022, according to Fitch Ratings’ fourth-quarter U.S. RMBS Servicer Metric Report.
Fitch Lowers REIT Sector Outlook Amid Tighter Lending
Fitch Ratings, New York, lowered its U.S. real estate investment trust sector outlook to Deteriorating from Neutral.
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.