Two classes of Access Financial Manufactured Housing series 1996-1 have been downgraded by Fitch Ratings.Class B-1 was downgraded from BBB-minus to BB-minus, and class B-2 was downgraded from CCC to C, Fitch said. In addition, the ratings on two other classes in the deal were affirmed, as were the ratings on three classes of series 1995-1. The actions were attributed to losses and the level of delinquencies relative to the applicable credit support.
The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
