Three classes of certificates issued by Citigroup Mortgage Loan Trust series 2004-CB3 have been downgraded by Moody's Investors Service. The downgrades were as follows: class B2, from Baa2 to Ba1; class B3, from Baa3 to B1; and class B4, from Ba1 to B3. "The stepping down and continuous losses have left this deal with thin credit enhancement levels and made it more vulnerable to pool deterioration in the tail end of its life," the rating agency said. Moody's can be found on the Web at http://www.moodys.com.
-
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
10m ago -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
18m ago -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
2h ago -
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