Class B-3 of Credit Based Asset Servicing and Securitization LLC series 2002-CB5 has been downgraded from B-plus to B and removed from Rating Watch Negative by Fitch Ratings.Fitch also placed class B-4 of C-BASS series 2004-CB8 on Rating Watch Negative and affirmed the ratings on 11 other classes in the two deals. The negative rating actions were attributed to a deterioration in the relationship between credit enhancement and expected losses. The collateral consists primarily of first-lien subprime mortgage loans.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27 -
Deferrals are up but still haven't outpaced loan modifications in conservatorship-era foreclosure prevention, according to the Federal Housing Finance Agency.
March 27