Three classes of Conseco Home Equity 2000-B have been downgraded by Fitch Ratings.The downgrades were as follows: class MF-2, from A to BBB-minus; class BF-1, from BBB-plus to B and removed from Rating Watch Negative; and class BF-2, from BBB to CCC and removed from Rating Watch Negative. Fitch also affirmed the ratings on five other classes in the deal. The rating agency attributed the downgrades to high losses and high delinquencies relative to applicable credit support.
Seasonal gains fueled the highest dollar volume of loans acquired since the third quarter of 2022, suggesting lenders are getting business from homebuyers.
Loandepot is arguing that its local rival, West Capital Lending, has no standing to sue it over the statute meant to protect consumers from predatory lending.
Christopher Peterson, a law professor at the University of Utah and former senior advisors at the Consumer Financial Protection Bureau, is the latest top hire for a Democratic state stepping up consumer protection.
U.S. District Judge James Robart found the complaint lacked statutory standing for a RESPA claim and the plaintiffs failed to identify any deceptive conduct.
The sale comes several months after private equity firm Hale Capital Partners acquired the financially troubled company formerly known as Voxtur Analytics.
Meanwhile, MISMO has updated its guide to incorporate the updated scores for use with mortgage insurers and VantageScore Solutions rolls out a new model, 5.0.