The rating agency has affirmed its ratings for Nationstar’s RMBS offerings. Here’s what Fitch had to say about the servicer’s new ratings.
Read More »Fitch Examines Top Servicers
According to the latest installment of Fitch’s U.S. RMBS servicer handbook, the American servicing landscape is undergoing significant shifts, much of it driven by merger and acquisition activity among servicers such as Mr. Cooper and Ocwen. 'Strategic positioning and M&A ...
Read More »GSE Credit Risk Transfer Loss Expectations Trend Lower
Fitch Ratings has released a new installment of its GSE Credit Risk Transfer (CRT) Loss Projections Report, which is published every six months, in January and June. The report “details Fitch Ratings’ projections for future credit events and losses on ...
Read More »Smaller Banks Picked up RMBS Slack in Q3
The third quarter of 2017 saw many of the larger bank servicers scaling back their portfolios of residential mortgage-backed securities (RMBS), while smaller regional banks and non-bank servicers moved to seize the opportunity, as reported by Fitch Ratings’ latest RMBS ...
Read More »Title Insurers Look Forward to Strong 2018
Fitch Ratings has released a new 2018 Outlook forecasting good things for the title insurance industry next year, thanks in part to rising home prices. However, a downtick in mortgage originations may hamper revenue growth.
Read More »A Look Inside Caliber Home Loans’ Portfolio
According to a recent announcement, Fitch Ratings has affirmed Texas-based Caliber Home Loans’ U.S. RMBS servicer ratings and outlook. Overall, the report reveals that Caliber's portfolio has experienced relatively high growth over the past three years, "primarily from acquisitions and ...
Read More »Fitch Downgrades Wells Fargo RMBS
Questionable actions leading up to the mortgage crisis are still catching up to a major bank. Find out how.
Read More »Ocwen Ratings to Remain Despite Sale
Fitch Ratings has opted to keep Ocwen Financial Corporation’s ratings as-is—both on its servicing and its bonds—despite the servicer’s recent MSR sale. Announced last month, Ocwen will sell its mortgage servicing rights, along with $117 billion in unpaid principal balance, and become a sub-servicer of New Residential Investment Corporation. Regardless of the sale, Fitch has announced Ocwen will keep its “Negative” residential primary servicer rating.
Read More »Fitch Gives Ocwen ‘Stable’ Rating
Amidst regulatory settlements, Fitch Ratings deems Ocwen mortgage products stable.
Read More »Risky Business? New Loan Mods Re-default at Higher Rates
Analysts found that loans modified after 2014 have higher re-default rates—what’s behind the increase?
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