Items Tagged with 'Fitch'

ARTICLES

  • 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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  • Amazon announces HQ2 locations in New York and Virginia

    Housing industry reacts to potential impact
    Amazon announced Tuesday the locations for its second headquarters, naming Long Island City, New York, and Arlington, Virginia, as the winners of its year-long search. HQ2 is expected to bring 50,000 jobs and more than $5 billion in investments, and while this will be a boost to the local economies, some are critical of the tech giant’s impact on property values and infrastructure.
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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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  • Fitch: Ocwen outlook remains negative despite PHH deal

    Continuing regulatory overhang not overcome by pending acquisition
    The outlook for Ocwen Financial is still negative despite its recently announced $360 million deal to acquire PHH thanks to Ocwen’s continuing regulatory overhang, Fitch Ratings said Friday in a note to clients. In the note, Fitch's analysts said that Ocwen’s outstanding issues with the CFPB and a number of state regulators outweigh any positives that may be gained in the PHH deal.
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  • Fitch, Moody’s bullish on massive Lennar-CalAtlantic merger

    Both cite combined company’s size as significant benefit
    On Monday, Lennar and CalAtlantic Group announced a deal that will see Lennar acquire CalAtlantic in a deal valued at approximately $9.3 billion. The deal will create the nation’s largest homebuilder. Both Fitch Ratings and Moody's Investors Service are bullish on the deal. Here's why.
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