Fitch Ratings President and CEO Stephen Joynt today issued the following statement. Joynt's remarks were a response to comments made today by U.S. Secretary of the Treasury Henry Paulson in a speech at the National Press Club in Washington, DC. "We commend the President's Working Group on their thoughtful observations on the market events of the past several months," Joynt said. "We will continue, on our own and with our industry, to work with regulators, investors and other market participants to ensure that our ratings are the most transparent, useful and accurate that they can be."
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Sens. Ed Markey and Ron Wyden argue that the Small Business Administration neglected to warn small firms of the risks of merchant cash advances and closed off a key "escape route" from the resulting debts.
May 15 -
Standard & Poor's found modeled foreclosure frequency and loss coverage to be in similar ranges as classic FICO but showed concern about potential bias.
May 15 -
The cumulative advance rate on the notes include range from 68.5% and 87.7% on the A1 notes and A2 and A notes, respectively.
May 15 -
Foreclosure filings were reported on 42,430 properties in the United States last month, down 8% from the month prior but up 18% from a year ago.
May 14 -
S&P sets an estimated cumulative net loss of 2.85% for the CRVNA 2026-P2 notes, unchanged from the CRVNA 2026-P1, because the collateral characteristics were unchanged.
May 14 -
House lawmakers modified a ban on big-money investors from purchasing single-family homes, broadening the exemptions for build-to-rent properties and eliminating requirements in a Senate version of the bill that affected investors divest their holdings.
May 14










