Fitch Ratings reported this week that recent natural disasters that have damaged thousands of homes and businesses — including the Southern California wildfires and hurricanes Milton and Helene in the Southeast — are not expected to heavily impact paid claims experience or credit ratings for mortgage insurers.
The ratings agency said in commentary released Thursday that these disasters have “raised questions about borrower ability and willingness to rebuild in the aftermath of such events.” But while the disasters are likely to “incrementally increase mortgage delinquencies,” they will have a “relatively immaterial effect” on mortgage insurance details ⇒
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