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Home » Store » News » Fitch Leaves Countrywide Rating Intact, but Maintains Negative Outlook for Mortgage Firm

Fitch Leaves Countrywide Rating Intact, but Maintains Negative Outlook for Mortgage Firm

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Fitch Ratings has removed Countrywide Financial from Rating Watch Negative status without lowering the mortgage company’s corporate ratings, but maintained a negative outlook for the firm. Fitch placed Countrywide on review in February, based on concerns about the company’s risk exposure related to mortgage servicing rights and noted that it will become increasingly difficult for Countrywide to hedge the volatility of MSRs.
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