Although Rocket’s plans to acquire Mr. Cooper and Redfin are structured as all-stock deals, assuming their debts will leave Rocket more highly leveraged, Fitch analysts…
Posts published in “Fitch Ratings”
Rocket’s appetite for growth could ding corporate debt rating
By The Citizen on April 1, 2025
Fitch Ratings warns of potential dowgrade of Rocket debt rating if Redfin and Mr. Cooper deals close, while decline in share price suggests investors have…
Typical days on market reaches slowest pace in 5 years: Redfin
By The Citizen on January 30, 2025
Persistent market headwinds resulted in a slow beginning to the year, according to Redfin. The typical days on market reached 54 days this month —…
Fed pauses rate cuts, continues mortgage ‘quantitative tightening’
By The Citizen on January 29, 2025
Trump wants lower rates. Fed Chair Jerome Powell says he’s not spoken to the President, and that “we don’t need to be in a hurry…
US credit ratings could soon be another worry for mortgage rates
By The Citizen on November 14, 2024
Rating agencies are keeping a close eye on whether politicians in the nation’s polarized Capitol will rise to challenges including the rising national debt, looming…
WeWork reportedly to file for bankruptcy as soon as next week
By The Citizen on November 1, 2023
The company that once embodied the future of the workplace, which at its peak was valued at $47 billion, is reportedly considering filing a chapter…
Rating agencies issue more cautions about banking industry
By The Citizen on August 15, 2023
It’s not just regional banks but larger lenders, such as JPMorgan and Bank of America facing uncertainty if interest rates stay higher for longer, analysts…