Class B-1 of Credit Suisse First Boston Mortgage Securities Corp. series 2002-HE11 has been downgraded from Baa2 to B1 by Moody's Investors Service.The downgrade was based on the fact that the bond's credit enhancement levels, including excess spread, are low compared with the projected losses, the rating agency said. The pool is backed by subprime first-lien loans.
Atlas VMS acquired CloseClear.ai to help lenders prevent post-appraisal GSE buybacks. The tech continuously matches active pipelines against live disaster maps to plug closing blind spots.
BTIG is predicting mortgage origination volume for loanDepot, PennyMac Financial Services, Rithm, Rocket Cos., and UWM Holdings combined will be 5% lower than the industry consensus for the third quarter.
Cyber policies must keep pace with a surge in incidents fueled by AI, as well a growing trend toward account takeovers.
Researchers showed a message with no return address slips past Reject Direct Send. Credit unions were told to close this kind of gap in 2021.
Also, the Broker Action Coalition announced Jamie Cavanaugh as its next CEO, while Dark Matter Technologies added two new members to its leadership team.
