MI Firms Face More Woe

Finkelstein, Brad
June 2008
National Mortgage News;6/16/2008, Vol. 32 Issue 37, p2
Trade Publication
The article focuses on the forecast made by Fitch Ratings Ltd. in 2007 for the mortgage industry in the U.S. In the report, Fitch discussed some trends which affected the overall mortgage industry like poor underwriting practices by lenders, home price declines, and increased willingness of borrowers to depart from their homes. Positively, Fitch predicted the return of the profitability of the mortgage industry in late 2009 or in 2010.


Related Articles

  • Fitch: Mortgage Insurance Exposure to Credit Risk Grows.  // Mortgage Servicing News;Aug2007, Vol. 11 Issue 7, p21 

    The article focuses on the analysis of credit rating agency Fitch Ratings Inc. regarding the impact of the performance of subprime loans on the mortgage insurance (MI) sector in the U.S. According to Fitch Ratings, the weak performance of the subprime lending market will put continued pressure...

  • Fitch Rises Subprime RMBS Loss Expectations.  // Mortgage Servicing News;Mar2008, Vol. 12 Issue 2, p22 

    The article reports on the adjustment to its subprime residential mortgage-backed security (RMBS) loss projections by Fitch Ratings Ltd. in New York. The move follows the significant deterioration of the performance of subprime mortgage in the U.S. which will affect ratings. The firm has further...

  • Commercial Lines Seen Stable.  // American Banker;7/20/2004, Vol. 169 Issue 138, p10 

    Reports that Fitch Ratings revised the rating of the commercial lines insurance sector in the United States from negative to stable. When the negative rating took effect; Factors contributing to Fitch's revised view of the industry, including the issue of reserves; Outlook for the...

  • Outlook for MIs Is Still Negative. Finkelstein, Brad // National Mortgage News;1/26/2009, Vol. 33 Issue 17, p1 

    The article evaluates the forecast for private mortgage insurers (MIs) in the U.S. in 2009. According to a report from Fitch Ratings Ltd., the outlook for the performance of MIs remains in a negative state as they will have to deal with loans they underwrote in 2007. Managing director Roger...

  • Fitch Drops Mortgage Insurance Industry to 'Negative'  // National Mortgage News;2/17/2003, Vol. 27 Issue 21, p7 

    Reports that rating agency Fitch Ratings Inc. has dropped its outlook on the entire private mortgage insurance industry in the U.S. Proliferation of various risk-sharing arrangements; Increased levels of piggyback loans; Concerns of the agency for mortgage insurers.

  • Fitch: U.S. Structured Finance at a Crossroad in 2010. Olert, John; Somerville, Huxley // Asset Securitization Report;Dec2009, Vol. 9 Issue 19, p18 

    The article reports on the forecasted financial condition on the securities industry in the U.S. in 2010. According to Fitch Ratings Ltd., there would be a weaker collateral performance across all structured finance sector in the country. It expects the pace of downgrades to slow areas including...

  • Fitch first rating agency to accept VantageScore loans.  // Mortgage Banking;Nov2008, Vol. 69 Issue 2, p74 

    The article announces on credit evaluation made by Fitch Ratings Ltd. to the mortgage loans of VantageScore LLC in the U.S. Fitch Ratings Ltd. is the first rating agency to review and assign ratings to VantageScore. According to Huxley Sommerville, the rating agency's group managing director...

  • FITCH LOWERS CWMBS CUSS RATING.  // National Mortgage News;4/4/2005, Vol. 29 Issue 28, p20 

    This article presents information related to Class B3 of CWMBS (Countrywide Home Loans Inc.) mortgage pass-through certificates series 2001-3 (Alt 2001- 2) that has been downgraded from B to CCC by Fitch Ratings Inc. The rating agency also removed class B4 of CWMBS series 2003-41 from Rating...

  • Fitch Eyes $139B of Subprime RMBS for Possible Downgrade. Peters, Terry // National Mortgage News;2/18/2008, Vol. 32 Issue 20, p8 

    The article reports on the move of Fitch Ratings Ltd. to put 2,972 classes of 2006 and 2007 subprime residential mortgage-backed securities on Rating Watch Negative in the U.S. The action of the rating agency is a result from an adjustment to its loss projections for subprime residential...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics