AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Fitch Sees Strong Compliance with 'High Cost' Rules.(Brief Article)
New York -- Based on results of the transaction loan sampling over the past 22 months, Fitch has determined that there has been excellent compliance with Fitch's high-cost loan criteria. Effective immediately, Fitch will no longer require third-party reports for rated transactions at the time of closing for loans originated in New Jersey, New Mexico, Kentucky, Massachusetts and Indiana.
The ratings agency said compliance systems have become a critical component of the underwriting and quality-control process. The revisions Fitch has made to rating residential mortgage-backed securities recognizes the progress the industry has made managing compliance with the myriad of anti-predatory laws and regulations, according to Fitch.
Kevin Cuff, president of the Massachusetts Mortgage Bankers Association, said the industry is still waiting to see how the new Massachusetts law will affect the market since it has only been in place for two months. "Fitch is recognizing how we all feel in the state. We're in a wait-and-see period to see how compliance ...
- Fitch Affirms New York Life's IFS rating at 'AAA'.
- Press release article from: Business Wire July 31, 2008 700+ words
...capital) and very manageable. Fitch considers New York Life's use of financial...institutional businesses. Fitch believes New York Life career agency distribution...year end 2007. In 2008, Fitch expects New York Life's capital quality...
- Fitch: New York Community Bancorp on Rating Watch Negative; Affirms NY...
- Press release article from: Business Wire October 11, 2005 700+ words
NEW YORK -- Fitch Ratings has placed the ratings of New York Community...following on Rating Watch Positive: Atlantic Bank of New York -- Individual 'C'. Fitch affirms the following ratings: New York Community Bancorp, Inc. -- Short-term 'F3...
- Fitch Rates New York City HHC Ser 2003 Rfdg Bds 'BBB+'; Negative Outlook.
- Press release article from: Business Wire January 15, 2003 700+ words
Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 15, 2003 Fitch Ratings assigns a...rating outlook to New York City's general obligation rating. Fitch's rating and outlook...arrangements with New York City are subject to annual appropriation. Fitch believes that ...
- Fitch Downgrades New York: Action Precedes $2.3B Tobacco Bond Sale.
- Magazine article from: The Bond Buyer McDonald, Michael June 6, 2003 700+ words
...billion in tobacco bonds, Fitch Ratings yesterday downgraded New York's general obligation...potential for a downgrade. Fitch had put New York's credit on watch for...service. According to Fitch, New York already has around $40...
- Fitch Assigns Neg Outlook to New York City Health & Hospitals Corp's 'BBB+' Rtg.
- Press release article from: Business Wire December 23, 2002 700+ words
Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 23, 2002 Fitch Ratings affirms the...the City and HHC. Fitch recently assigned...rating outlook to New York City's general...arrangements with New York City are subject to annual appropriation. Fitch believes that ...
- Fitch Revises Bank of New York Mellon Outlook to Stable; Affirms Ratings.
- Press release article from: Business Wire September 24, 2008 700+ words
NEW YORK -- Fitch Ratings has revised the Rating Outlook of The Bank of New York Company Mellon Corporation...the end of this release. Fitch revises the Outlook to Stable...following ratings: The Bank of New York Mellon Corporation --Long...
- Fitch Affirms New York Life's IDR at 'AA+'.
- Press release article from: Business Wire October 1, 2007 700+ words
...quality investment portfolio. Fitch believes that New York Life's liquidity and credit risks are well managed. Fitch views New York Life's career agency as...income annuities to the AARP. Fitch expects New York Life to maintain its leading...
- Fitch Affs New York Life Insurance Company Rtgs At 'AAA'; Rtg Outlook Stable.
- Press release article from: Business Wire June 6, 2003 700+ words
...June 6, 2003 Fitch Ratings has affirmed...IFS) ratings of New York Life Insurance Company...referred to as 'New York Life'). In addition, Fitch has affirmed the...augment sales growth. Fitch believes New York Life's consolidated...
- Fitch Rates New York City Health & Hospitals $463MM Bonds 'A'; Upgrades...
- Press release article from: Business Wire August 1, 2008 700+ words
NEW YORK -- Fitch Ratings has assigned an 'A' rating to $463 million New York City Health and Hospitals Corporation...The Stable Outlook is the same as Fitch's Outlook for New York City's 'AA-' general obligation...
- Fitch Affs New York Life At `AAA'; Assigns `AA' To Surplus Nts.
- Press release article from: Business Wire July 25, 2001 700+ words
...surplus notes issued by New York Life Insurance Company. In addition, Fitch has affirmed the `F1...commercial paper rating of New York Life Capital Corp...market. Long term, Fitch anticipates that New York Life's annual surplus...
Source: HighBeam Research, Fitch Sees Strong Compliance with 'High Cost' Rules.(Brief Article)