The class A-3 notes from Enhanced Mortgage-Backed Securities Fund V Ltd., a collateralized debt obligation, have been downgraded from CC/DR3 to C/DR4 by Fitch Ratings.In addition, Fitch withdrew its ratings on classes A-4 and B. The rating agency said the CDO had violated overcollateralization tests, and its portfolio of mortgage- and asset-backed securities was liquidated.
Over one-third of the Wolters Kluwer survey participants believe the next Fed move will be to boost short-term rates, but most expect one cut next year.
The National Association of Home Builders Remodeling Market Index for the second quarter posted a reading of 61, a one-point decline from the first quarter.
The new Mortgage Bankers Association research adds to debate over whether Fannie Mae and Freddie Mac should allow a less costly alternative to the tri-merge.
Wide regional variances appeared in housing-start activity in 2025, when the traditional leading builder markets all saw numbers decline by as much as 15%.
The bill, which passed with wide bipartisan support, will become law at midnight if President Donald Trump doesn't veto it.
Total application volume fell by over 13.000 units on a month-to-month basis, with declines in purchase and refinance activity, Keefe, Bruyette & Woods said.
