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Fitch Ratings

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UWM downgraded by Fitch after Q2 loss, Oaktree deal

August 7, 2026 by bp56691
Fitch Ratings downgraded the long-term issuer default ratings of United Wholesale Mortgage (UWM) to B+ from BB-, citing a sharp increase in leverage driven by second-quarter losses and higher borrowings.
Categories Debt, Fitch Ratings, HWmember, Mortgage, United Wholesale Mortgage

Secondary mortgage market waits for data, creates workarounds amid shift to alternative credit scores

June 4, 2026 by bp56691
In the secondary market, investors and credit rating agencies are awaiting additional performance data while developing workarounds to keep loans moving through the system.
Categories Credit Score, FICO, Fitch Ratings, HWmember, LendingLife, Mortgage, Origination, RMBS, Secondary market, VantageScore

Rocket CFO touts ‘all-weather’ model as mortgage market improves

January 27, 2026 by bp56691
Brian Brown, chief financial officer and treasurer for Rocket Companies, expects continued improvement in the mortgage market in 2026, building on momentum that emerged in the second half of 2025.
Categories Fitch Ratings, HWmember, LendingLife, Mortgage, Mr. Cooper Group, Origination, Redfin, Rocket Companies, Rocket Mortgage

Fitch Ratings assesses home equity investments amid wider scrutiny

March 25, 2025 by bp56691
The credit ratings agency said it does not rate HEIs, as some have gone after the industry by comparing its products to reverse mortgages.
Categories CFPB, Fitch Ratings, HECM, Home Equity, HWmember, Reverse

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