The election of Donald Trump as the 47th president of the United States has brought mortgage rates closer to the 7% threshold, but Fitch Ratings expects them to settle lower in the coming months. Looking ahead to 2025, analysts from the credit ratings agency expect declining rates to increase mortgage origination volumes, driving profitability for nonbank lenders.

In light of this outlook, Fitch recently reviewed ratings for several U.S. nonbank mortgage companies. It upgraded Rocket Mortgage (from BB+ to BBB-) and Pennymac Financial Services (from BB- details ⇒

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