The slowdown in commercial loans

Barclays’ estimates show that in 2009, nearly $270 billion of mortgages on apartment complexes, shopping malls, and office buildings would require refinancing. In its November 17 report, Fitch Ratings said that there is every reason for commercial loan defaults to accelerate because banks and insurance companies would try to manage their balance sheets by restricting …

Can you believe Fitch ratings for Saxon Mortgage Services Inc.?

Fitch – the ratings company – has affirmed Saxon Mortgage Services Inc. ratings. Can you believe this? It certainly goes against common logic and what is reported in the news: Fitch Ratings has affirmed Saxon Mortgage Services, Inc.’s (SMSI) U.S. residential servicer ratings as follows: –Residential primary servicer rating for subprime product at ‘RPS2+’; –Residential …