Class M-1F of ContiMortgage Home Equity Loan Trust series 1997-2 group 1 has been downgraded to AA-minus by Fitch Ratings and removed from Rating Watch Negative.In addition, Fitch affirmed the ratings on three other classes in the deal and on two classes of series 1997-2 group 2. The rating agency attributed the downgrade to high loss levels and a continuing decline in credit enhancement relative to the required credit support.
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.
The real estate investment trust struggled with legacy assets and its bottom line, but sees a path forward with non-QM, third-party originations and AI.
While U.S. home values fell in real terms for the 12th consecutive month, voices say slow inventory growth has flipped the script away from the south and towards east metros.
