Four classes from two Credit Suisse First Boston Home Equity Asset Trust securitizations have been downgraded by Fitch Ratings, and six others have been placed on Rating Watch Negative.The downgrades were as follows: series 2005-7, class B-4, from BB-plus to B-plus, and class B-5, from BB to B-plus; and series 2005-8, class B-4, from BB-plus to BB, and class B-5, from BB to B-plus. The securities placed on Rating Watch Negative were as follows: class B-4 of series 2005-6; classes B-2 and B-3 of series 2005-7; classes B-2 and B-3 of series 2005-8; and class B-3 of series 2005-9. Fitch also affirmed the ratings on 76 classes in seven CSFB deals. The negative rating actions were attributed to a deterioration in the relationship between credit enhancement and expected losses.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
6h ago -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
7h ago -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18 -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18