Home / Tag Archives: Fitch Ratings (page 5)

Tag Archives: Fitch Ratings

RMBS Prepays Approaching Post-Crisis Low

Short Sales

According to Fitch Ratings' latest quarterly index, prepayment rates among U.S. residential mortgage-backed securities (RMBS) have declined to the lowest levels of the post-crisis era. Fitch Ratings' director Sean Nelson attributed the decline in prepayment rates to higher interest rates and fewer distressed liquidations.

Read More »

Fitch: Housing Recovery Will Reflect Economic Performance

Fitch Ratings is the latest market commentator to blame the housing sector’s recent slowness on weather challenges. In an analysis gauging the recovery’s progress, the ratings agency listed harsh winter weather across the country as one of the biggest factors moderating the housing recovery, though higher interest rates and home prices have also provided some drag.

Read More »

Fitch: RMBS Servicers to See a “New Normal”

In a press release issued by Fitch Ratings, the company comments that the past year has seen a "sea change" in who is servicing severely delinquent U.S. mortgage loans—and how they are being serviced. Fitch found that 2013 saw many portfolios of non-agency residential mortgage-backed securities (RMBS) mortgage servicing rights (MSR) move from banks to non-bank servicers.

Read More »

New Report Says 2013 GSE Revenue ‘Will Not be Repeated’

Strong fourth-quarter 2013 earnings by Freddie Mac capped a year of unprecedented financial earnings for the government-sponsored enterprises (GSEs), but reflect several one-time items, according to a release issued by Fitch Ratings. Fitch comments, "While results of the type posted in 2013 will not be repeated, Fitch Ratings expects increased guarantee fees (g-fees) and improving mortgage credit quality to support continued profitability for the GSEs this year."

Read More »

Borrowers Struggle Despite Equity Gains

The ongoing price recovery and rise in positive equity around the country has been cause for celebration among many industry commentators--but they’re not much comfort to those who continue to struggle to pay their mortgages, Fitch Ratings says in a new release. Over the last two years, Fitch estimates the percentage of borrowers entering foreclosure with positive equity has roughly doubled. “It is clear that rising home prices have had a positive influence on borrower behavior. However, some portion of borrowers still exhibit an inability to recover as the economy has moderately improved,” the agency said in its analysis.

Read More »

Housing and Mortgage Outlook: Expect Declines in 2014

Outlook, Fitch Ratings

Following a year of fast-paced appreciation, Fitch Ratings expects home price gains to slow to a more moderate pace in 2014 in the United States, according to its Global Housing and Mortgage Outlook released Tuesday. The ratings agency also predicts mortgage volume will decline and delinquencies and shadow inventory will decrease, albeit slowly, while liquidation timelines continue to rise.

Read More »

GET YOUR DAILY DOSE OF DS NEWS

Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.