Tag Archives: Fitch Ratings

According to the Fitch Ratings, loan portfolio delinquencies modestly improved for the fifth consecutive quarter. Click through to read the latest data and info on the impact of borrower assistance programs in Q1 2023.

Precipitated by Fitch’s downgrade of the sovereign rating of the U.S., many in the industry voiced their opposition to the downgrade of Fannie Mae and Freddie Mac’s rating from 'AAA' to 'AA+.’

MortgagePoint speaks with mortgage servicing execs from BOK Financial, Carrington, the NMSA, PHH Mortgage Corporation, and Servbank about the unusual times and unusual opportunities the industry faces midway through 2023.

A new report from Fitch Ratings found that delinquencies remained flat to close out Q4 2022, with successful workout strategies helping more homeowners retain their homes and avoid foreclosure.

Click through to learn more about what the change means in context, and how it relates to the current debt-ceiling discussions.

Fitch Ratings reports that U.S. homeowners’ insurance is poised to post a statutory underwriting loss for 2022 as insurers continue to deal with above-average catastrophe losses and uncertainty from persistently high inflation and macroeconomic volatility.

“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.

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 ...

Thirty-two of the 40 Fitch-rated RMBS firms have received “stable” ratings since being downgraded at the onset of the pandemic.

According to a new report by Fitch Ratings, as forbearance programs expire and borrowers transition into other loss mitigation programs, servicers should be wary of customer complaints and regulatory oversight.