Items Tagged with 'Fitch Ratings'

ARTICLES

  • Maybe low rates aren’t a panacea? Fitch throws cold water on presumed mortgage lending boom

    Analysts cast doubt on positive impact of low rates on housing market
    With mortgage rates holding steady near three-year lows for several weeks, some observers began suggesting that there could be a surge in mortgage lending industry. And while recent data suggests refinances are rising as expected, could low interest rates not be the cure-all that many believed they would be for a mortgage market that was expecting a down year? One observer certainly thinks so.
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  • Sound the alarm? Alt-doc loans have doubled in the last two years

    Fitch expresses caution about rise of alternative documentation mortgages
    After the housing crisis, the credit box shrank with the installation of the Qualified Mortgage lending standards. In recent years, some lenders have begun to expand on the credit box, as seen by a recent increase in non-QM lending. But that’s giving rise to some of the types of mortgage products that haven’t been seen since before the housing crisis, and one credit ratings agency is now expressing some concern about how risky some of those loans may be.
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  • Fitch: NYC rent regulations a negative for multifamily lenders

    New laws could hurt property values and occupancy rates
    Last week, New York State Senate and Assembly leaders passed expansive changes to rent control laws that stunned the real estate industry. While it seems no one working in New York’s real estate market is especially thrilled with the new regulations, a recent report from Fitch Ratings details just how damaging they could be.
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  • Fitch: Home price growth slowest in 7 years

    Slows "from a gallop to a trot"
    Home price growth has clearly slowed down in recent months as the housing market cools after a near six-year hot streak. Now, a report released by Fitch Ratings this week details just how much the market has slowed, and predicts where prices will go from here.
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  • Wells Fargo is back in the mortgage securitization business

    Prepares to issue first securitization since the housing crisis
    Once an absolute giant in the mortgage securitization space, Wells Fargo has been noticeably absent from the list of issuers since the housing crisis, but that’s all about to change. The lender is preparing to issue its first mortgage-backed securitization since the meltdown, and unlike its past securitizations, this one is backed by the highest of high-quality loans.
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  • Ocwen dumps Fitch, names interim CEO

    Ending contract with ratings agency, also names replacement for departing CEO
    Over the years, Fitch Ratings has frequently commented about Ocwen Financial, issuing reports and ratings actions about the nonbank’s business dealings, trials and tribulations. Well, that’s about to come to an end. But that's not the only big news that Ocwen made on Monday.
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  • Las Vegas residents may need deeper pockets

    Ranked most the overvalued housing market in the nation
    Perhaps underperforming income growth and rising unemployment would suggest low home prices, but Las Vegas is the most overvalued housing market in the nation. Fitch Ratings explained although the city’s price to rent remains lower than buying a home and the population is growing, home prices still have overshot economic fundamentals.
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