Two classes of American Home Mortgage Assets Trust residential mortgage-backed certificates have been placed on Rating Watch Negative by Fitch Ratings.The affected securities are class 3M4 of series 2005-1 group 3 and class 1B5 of series 2005-2 group 1. Fitch also affirmed the ratings on 15 classes from two AHMAT transactions. The negative rating actions were attributed to a deterioration in the relationship between credit enhancement and loss expectations.
Movement Mortgage added to its operations leadership and Click n' Close named a new chief information officer.
The award is one-third of the $26 million settlement the parent company of three servicers agreed to earlier this year to settle claims from a 2021 data breach.
Michael Burry, a GSE investor and early predictor of the Great Financial Crisis, is eyeing the senior preferred liquidation preference and a 2028 deadline.
Consensus estimates and BTIG analyst Douglas Harter's volume prediction both put Rocket ahead of UWM for the period, but by how much is where the two are different.
Mid-Atlantic home sales climbed in June as inventory grew, even with mortgage rates near 6.5%. High-income and repeat buyers led the gains, Bright MLS found.
HUD must complete 124 actions to implement the new housing law, with roughly half due within a year. Here's what's changing for lenders and borrowers.
