The tumult surrounding New York Community Bancorp (NYSE:NYCB) became more severe with two ratings agencies cutting its credit grade. Bloomberg reported Fitch Ratings lowered the bank’s long-term issuer default rating from BBB-to BB+, which is one level below...
A Phil Hall Op-Ed: Perhaps the most dramatic economic story of the past week involved the decision by Fitch Ratings to downgrade of the U.S. credit rating from “AAA” to “AA+.” Fitch defined its decision as the result of “a steady deterioration in standards of...
UWM Says VantageScore 4.0 Improves Results for 1 in 4 Borrowers
