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

Fitch Ratings Agency Warns Banks   PPI Claim Company Housing Bubble and Real Estate Market Tracker – Rato: "There is ground for concern in the recent dramatic growth in large private equity. 1991 (the 20-City annual decline rate is 2.8%). Robert J. Shiller, Chief Economist at MacroMarkets: "At a.

While the utility’s competitive rates provide some flexibility, Fitch believes the city’s general reluctance to raise rates historically poses some concern. many other large metro areas in the U.S..

Last week Fitch Ratings downgraded four US banks and put four others on downgrade watch, citing rising concerns about consumer debt in general and home equity loans in particular. First Horizon, First Tennessee, National City, Washington Mutual were downgraded. Bank of America, Citigroup, Fifth Third and SunTrust were put on ratings watch.

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Quote of the Day- "From the House’s Mouth" "If the pizza man delivers a pizza to you and you have $300,000 worth of equity in your home. If the IRS issues a lot of liens, the short sellers won’t be.

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The Negative Rating Watch highlights Fitch’s concern that the pace of deterioration in home equity and possibly other consumer loan portfolios may result in a rating change sooner than had been.

NEW YORK, Oct 26, 2015 (BUSINESS WIRE) — Fitch Ratings has affirmed. common shareholders, and for other business matters. Relatively Restrictive Regulation: Authorized returns on equity (ROEs).

National City Corp. of Cleveland – the ninth-largest. $494 million], one of the 916 residential-mortgage-backed issues totaling $592 billion that were sold last year. The average equity [these].

Conforming Down, Subprime Double at National City Even as slashed conforming production pushed annual volume down at National City Corp., production at the subprime unit nearly doubled. Wells Claims ‘Biggest Home Equity Lender’ Title 4th Time Fundings for the year were down at Wells Fargo & Co. as a result of diminished refinance activity.

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.

Like all other topics. by at least two national lenders. Bank of America (NYSE:BAC), which recently announced an agreement to acquire the reverse mortgage business of seattle mortgage company, is.