Class B-4 of Bear Stearns Mortgage Securities Inc. mortgage pass-through certificates, series 2001-4, has been downgraded from CCC to CC by Fitch Ratings.The rating agency also upgraded eight classes and affirmed the ratings on 23 other classes in five Bear Stearns deals. The downgrade was attributed to credit enhancement levels relative to loss expectations. The underlying collateral consists of 15- to 30-year adjustable-rate and fixed-rate mortgages extended to prime borrowers, Fitch said.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25