Two classes from Equity One ABS Inc. mortgage pass-through certificates series 2002-3 have been downgraded by Fitch Ratings.Class B-1 was downgraded from BB to B, and class B-2 was downgraded from B to C/DR4. Fitch also affirmed the ratings on four classes in the transaction. The rating agency attributed the downgrades to a deterioration in the relationship between credit enhancement and expected losses.
The Federal Housing Finance Agency has barred 51 people from working with Fannie Mae and Freddie Mac this year, the most suspensions in any calendar year.
The law, which went into effect in late 2025, led MBA lawyers to call New Jersey "the most expansive and aggressive disparate-impact regime in the nation."
Fannie Mae seller guide update SEL-2026-08 includes a definition of present, residential and subordinate use cases in the new context of highest and best use.
Bob Marseilles joined Evergreen Moneysource to get the wholesale unit going following starting the TPO unit for First Tech Federal Credit Union.
Along with a 25% increase in production, Vishal Garg's scheme aims for monthly revenue growth of $7 million and a reduction of cash burn from $4 million to $0.
The big three's trade group has said they operate legally and protect the industry with a trio of reports. FHFA also is opening up VantageScore for all lenders.
