Class B of notes issued by Bristol CDO I Ltd. has been downgraded from BB to B by Fitch Ratings.In addition, the ratings on two other classes in the deal were affirmed. "Since the previous rating action in January 2005, Bristol has suffered further collateral deterioration in the aircraft and airline ABS, manufactured housing RMBS, and some mezzanine and junior CDO tranches," Fitch reported. The collateralized debt obligation is secured by a static pool of asset-backed securities, of which 36.2% are residential mortgage-backed securities, 12.9% are CDOs, and 5.6% are commercial MBS, Fitch said.
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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 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25