Class B1-A of Cityscape Home Equity Loan Trust home equity loan pass-through certificates, series 1997-C group 2, has been downgraded from BBB to BB by Fitch Ratings.Fitch also affirmed the ratings on 12 classes in two Cityscape subprime securitizations. The downgrade was attributed to a deterioration in the relationship between credit enhancement and loss expectations due to higher-than-expected delinquencies, the rating agency said. The rating agency can be found online at http://www.fitchratings.com.
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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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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
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