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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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