HUD announced an overhaul of the agency’s disaster recovery efforts to better serve communities that face the direct impacts of weather-related disasters.
Tag: Fitch Ratings
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.
Fitch: RMBS Servicers Focus on Post-Pandemic Performance
Fitch Ratings, New York, said mortgage servicers are anticipating increased regulatory scrutiny in 2023 as borrowers continue to exit forbearance assistance plans and seek help with their mortgage payments.
Industry Briefs Jan. 31, 2023: Revolution Mortgage Partners with Silverwork Solutions
Silverwork Solutions, Chicago, a developer of digital workforce BOTs, announced a partnership with Revolution Mortgage, Columbus, Ohio.
Housing Market Roundup Jan. 10, 2023
Here’s a summary of recent housing/economics articles that came across the MBA NewsLink desk:
Fitch: Potential Recession, Scarce Capital to Slow REITs Pandemic Recovery
Fitch Ratings, New York, said challenging economic and financial trends for U.S. real estate investment trusts will continue into 2023 after emerging in 2022.
Fitch: Heightened Risk of ‘Severe’ U.S. Housing Downturn in 2023
Fitch Ratings, New York, said it expects the housing market to weaken further in 2023 as affordability issues, softening economic environment and low consumer confidence continue to erode demand.
Fitch: U.S. Mortgage Insurers’ 2023 Performance Pressured by Inflation, Slowing Home Prices
Fitch Ratings, New York, said stronger headwinds brought on by a slowing U.S. economy and falling home prices will likely weigh on U.S. mortgage insurers next year.