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.
Tag: Fitch Ratings
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.
CMBS Delinquency Rate Dips; Forecast Calls for 2023 Increase
Fitch Ratings, New York, said the commercial mortgage-backed delinquency rate fell six basis points in October to 1.89%, but forecast it could increase significantly in 2023.
Fitch: Commercial mREIT Cash Earnings Supported by Higher Rates
U.S. commercial mortgage real estate investment trusts’ earnings will likely continue to trend modestly higher into 2023 as the sector remains predominantly asset-sensitive, reported Fitch Ratings, New York.
Industry Briefs Nov. 4, 2022: Click n’ Close Launches SmartBuy Loan Suite
Click n’ Close, Addison, Texas, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, launched SmartBuy, a suite of loan programs designed to give low and moderate-income homebuyers an advantage.