Fitch Downgrades National City, Wamu, Others on Home Equity Concerns

Freddie Mac unveils new security to provide affordable housing liquidity for small lenders RealtyTrac: 2Q foreclosure activity rises as some states see reboot obama signs extension for higher fha loan limits radian: New mortgage insurance written jumps 25% in first quarter — New mortgage insurance written (niw) grew to $13.4 billion during the quarter, compared to $10.9 billion in the first quarter of 2013 and $8.3 billion in the second quarter of 2012.(Kriston Capps/Mark Byrnes/CityLab) In New York, the matter of defining TEAs falls to Empire State Development, the economic development agency for the New york state government. Unlike California,Builder confidence edges up in June Builder confidence edges down in June WASHINGTON – June 17, 2008 – Builder confidence in the market for newly built single-family homes edged down in June, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

Fitch Ratings has affirmed Union Bank of Nigeria PLC’s (Union) Long-Term Issuer Default Rating (IDR) at ‘B-‘. The Outlook is Stable. Fitch has also downgraded Union’s National Long-Term Rating to ‘BBB-(nga)’ from ‘BBB(nga)’. A full list of rating actions is at the end of this rating action.

Fitch Affirms Sao Paulo’s IDR at ‘BB’; Negative Outlook; Downgrades National Ratings to ‘AA(bra)’ Fitch Ratings has affirmed the Brazilian Municipality of Sao Paulo’s (Sao Paulo) Long-Term Issuer Default Rating (IDR) at ‘BB’. The Rating Outlook remains Negative. The Rating Outlook reflects the Negative Outlook of Brazil.

Monday Morning Cup of Coffee: Congressman tries to tackle eminent domain plans Catarina Benitez-Attorney | The Law Offices of Catarina M. Benitez is a law firm in Fresno, CA practicing in the areas of real estate law, bankruptcy, juvenile law and other matters. We r

 · In The News Today. Posted December 16th, 2009 at 2:02 PM (CST) by Jim Sinclair & filed under In The News.. Dear CIGAs, Think past economics and ask yourself if S&P opining on anything such as a defense budget is meritorious. Now we.

In a wide-ranging report detailing its concern for the home equity lending market, Fitch Ratings took ratings actions on eight banks, including National City and Washington Mutual, both of which.

As whistleblowers were drawing scrutiny to Citigroup, then the nation’s largest commercial bank, others were raising questions about Washington Mutual, the nation’s largest savings and loan. One of them was Theresa Hagman, a vice president in WaMu’s custom home-construction lending division.

Washington Mutual Bank;. (perpetual housing price appreciation assumptions utilized by Fitch during the boom to dole out AAA ratings on subprime trash.. National City, Wachovia and WaMu, and.

Another major rating firm downgraded National City Corp.’s debt ratings Friday evening. Fitch Ratings downgraded National City — both the corporation and the bank — because of concern about what.

 · But some names might be more surprising like real estate investment trusts AvalonBay Communities and Equity Residential, and Home Depot, which could benefit from millennials moving out of the home of their parents. We are creating the DH Old Codger Index Portfolio to compete against this new ETF to see how “old school” stocks do in comparison.

Fitch warns of possible cut to US triple-A rating if shutdown continues Fitch cuts ratings on two Egyptian banks Fitch Ratings downgrades National Bank of Egypt and Commercial International Bank in the wake of rising political uncertainties ahram online, Thursday 11.