“While loan portfolio delinquencies for Fitch-rated bank and non-bank servicers were stable for the third consecutive quarter, the impact of four consecutive quarters of new foreclosure filings post-moratoria is now being felt in new REO volume,” said Fitch Director Richard Koch.
Read More »RMBS Modifications and Repayments Increase Post-Forbearance
As pandemic forbearance plans continue to expire, borrowers are continuing to choose loan modifications and other repayment options going forward. According to Fitch Ratings’ fourth-quarter 2021 Residential Mortgage Backed Servicer Metric Report, servicers reported a decline in loan modifications from ...
Read More »Finding Solutions in Distress
The industry faces continued inventory shortages, rising home costs, and delays, and the answer to the problem may rest in distressed housing, according to author Nathan Cron.
Read More »Fitch Ratings: SALT Deductions Stalling Growth and RMBS
Here's how the 2017 Tax Cuts and Jobs Act, which limits state and local tax (SALT) deductions and reduces the amount of housing debt eligible for interest deduction, may have exacerbated slowing home price growth in certain areas.
Read More »Fitch Addresses PHH, Ocwen
As PHH assumes, a mortgage sub-servicing role to Ocwen, Fitch notes how this may impact RMBS.
Read More »Fitch: Servicers Prepared for Economic Downturn
With a possible economic crisis looming, servicers are more prepared than ever for a downturn. See how technology is shaping the way the RMBS is protected.
Read More »Fitch Assigns Additional Servicer Ratings for PHH
After being assigned an RPS3 rating as a residential primary servicer for its prime product in August, PHH was assigned additional servicer ratings by rating agency Fitch. Click through to learn which additional products and operations of PHH were rated and the outlook assigned to them.
Read More »PHH Servicer Ratings Rise
The rating agency recently assigned an enhanced primary servicer rating for PHH. What were the factors that led Fitch to assign an RPS3 rating for PHH’s prime product?
Read More »Non-Bank RMBS Servicers Retreating from Delinquent Loans
As re-performing loan product continues to fall, non-bank servicers are backing away from delinquent borrowers, according to a report. Here’s where they’re concentrating instead.
Read More »Fitch Upgrades LoanCare’s Servicer Ratings
LoanCare's primary servicer and specialty subservicer ratings have been upgraded with a stable outlook by Fitch Ratings.
Read More »