Nine classes from four issues of Bear Stearns mortgage pass-through certificates have been downgraded by Fitch Ratings. Fitch also placed three classes on Rating Watch Negative and affirmed the ratings on 18 other classes from five Bear Stearns transactions. The rating agency can be found on the Web at http://www.fitchratings.com.
The real-estate services firm has purchased a title search company and affiliate just months after buying the Mortgage Contracting Services division from MCS.
Workforce solutions firm 3N Performance agreed to a Washington consent order after officials found it had engaged in unlicensed processing and underwriting.
Markets are still pricing in an increase in the federal funds rate later this month, but Federal Reserve Gov. Michael Barr said his vote will depend on incoming unemployment and inflation data.
The nation's largest homebuilder is fending off accusations that it misled home buyers on their escrow estimates and saddled them with steep increases.
Also, South River Mortgage appointed Tyler Plack as its next CEO, while First American Home Warranty welcomed Jason Gritters as its chief revenue officer.
