Class B4 of CSFB Mortgage Securities Corp. mortgage pass-through certificates, series 1997-2, has been downgraded from CCC/DR2 to CC/DR2 by Fitch Ratings.Fitch also affirmed the ratings on seven classes from series 1997-2 and another CSFB issue. The downgrade was attributed to the deterioration in the relationship of credit enhancement to loss expectations.
AD Mortgage sent a letter to the FHFA explaining the importance of the limited review process in facilitating access to conventional condo financing.
With margins remaining compressed, Bill Cosgrove sees mortgage industry consolidation continuing in the near future, and Union Home will be a player.
The large nonbank mortgage company is replacing a multibillion-dollar facility it took out last year before the Mr. Cooper and Redfin deals closed.
Lenders are still frequent targets of the class action complaints over unwanted mortgage solicitations, violations that have netted litigants big paydays.
Cities in two southern states dominate the list for real estate, affordability, and quality of life, according to WalletHub.
Jay Farner takes a majority ownership stake in Detroit's professional soccer franchise through the investment group he launched after leaving Rocket in 2023.
