Six classes of mortgage pass-through certificates from American Home Mortgage Investment Trust 2005-SDI have been downgraded by Fitch Ratings. The downgrades were as follows: group 1, class I-M2, from A to BBB, class I-M3, from BBB to B, and class I-M4, from BB to CC/DR3; and group 2, class II-M2, from A to BBB (and placed on Rating Watch Negative), class II-M3, from BBB-minus to C/DR4, and class II-M4, from B to C/DR6. Fitch also affirmed the ratings on four other classes in the scratch-and-dent transaction.
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The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.
22m ago -
The Department of Housing and Urban Development agreed to do more to manage due-and-payable obligations contingent on the availability of certain resources.
25m ago -
The ex-housing official is returning to a previous employer with the aim of helping guide the firm through an evolving landscape in federal policy.
46m ago -
A $160 million deal to merge Hometown Financial Group subsidiaries and Primary Bank will lead to consolidation under a single brand name of TruNorth.
54m ago -
The Aspire business reported $2.1 billion of lock volume, up 32% from the first quarter, but total production at the REIT fell to $8 billion from $8.5 billion.
1h ago -
The lender, which has fought the nonpayment accusations since 2020, will give over $3.8 million to over 200 past and current employees involved in the case.
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