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Home | Tag Archives: Fitch Ratings

Tag Archives: Fitch Ratings

Ocwen’s Servicer Ratings Upgraded to ‘Positive’


*+-One of the key rating drivers was Ocwen’s commitment to alleviate governance and operational control weaknesses within the company, which include changes to its “three lines of defense” approach to risk management, expansion of regulatory compliance and compliance testing departments.

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Housing Demand Shifting Toward Central Parts of Cities


*+-According to Fitch, home prices have grown 50 percent faster in urban centers than in the larger metro statistical areas (MSAs) since 2000. City centers are expected to continue to experience growth due to the shift in demand, even in regions lacking significant fundamental support, and are currently considered overvalued.

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RoundPoint’s Rating Outlook Adjusted From ‘Stable’ to ‘Negative’


*+-RoundPoint Mortgage Servicing Corporation's residential mortgage servicer ratings have been adjusted, Fitch Ratings confirmed. Fitch determined that RoundPoint's U.S. residential primary servicer rating for subprime product is 'RPS3+' and the U.S. residential special servicer rating is 'RSS3+'. In addition, the rating outlooks have been revised to 'negative' from 'stable.'

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