Two classes from CS First Boston Mortgage Securities Corp. series 1997-1R, a resecuritization backed by other residential mortgage-backed securities, have been downgraded by Moody's Investors Service.Class 1-B3 was downgraded from B2 to B3, and class 1-B4 was downgraded from B3 to Caa2. In addition, Moody's upgraded three other classes from the transaction. The downgrades were attributed to weak performance by the underlying securities and reduced credit enhancement relative to the projected losses on the underlying securities.
-
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25