Twenty-two classes of mortgage pass-through certificates from five First Horizon Alternative securitizations have been downgraded by Fitch Ratings.Fitch also placed one class on Rating Watch Negative, removed four classes from Rating Watch Negative, and affirmed the ratings on eight classes from the five First Horizon transactions. The negative rating actions were attributed to deterioration in the relationship between credit enhancement and expected losses. The collateral for the deals generally consists of adjustable-rate, first-lien, fully amortizing and interest-only, alternative-A mortgage loans.
-
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