Tag Archives: Fitch Ratings

According to a recent report from Fitch Ratings, liquidation timelines on defaulted mortgage loans may have hit their peak.

Wells Fargo Home Mortgage recently received high servicer ratings , welcome news after the completion of several organizational changes within the servicer division.

U.S. bank mortgage servicers have cut servicing staff by nearly half in two years. What factors lead to this decline and why aren't non-banks experiencing the same trend?

Fannie Mae has received additional ratings for several Connecticut Avenue Securities (CAS) notes, part of an ongoing effort to improve transparency and liquidity at the GSE.

The first post-crisis, Fitch-rated RMBS class backed in part by non-performing loans has been paid in full.

Borrower claims appear to be fleeing the housing market two years after the Consumer Financial Protection Bureau introduced the Ability to Repay rule for mortgage servicers.

One notable exception was Goldman Sachs, which is fresh off a $5.1 billion RMBS settlement.

Mortgage REITs that are affected by the FHFA's recently-issued final rule on Federal Home Loan Bank membership must find new sources of funding. Would it be more beneficial to go with short- or long-term funding?

Although the third quarter of 2015 only saw seven RMBS transactions from six issuers, a continued decline from 12 transactions in the first quarter and 10 transactions in the second quarter, the 29 transactions and approximately $10.1 billion of issuance so far this year have already exceeded the 26 transactions and $8.3 billion issued for the entire year of 2014.

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.