Twenty-six classes of pass-through certificates from six First Horizon mortgage transactions have been downgraded by Fitch Ratings. Fitch also placed four classes on Rating Watch Negative, removed two classes from Rating Watch Negative, and affirmed the ratings on 23 classes from eight First Horizon deals. The negative rating actions were attributed to deterioration in the relationship between credit enhancement and loss expectations. The collateral generally consists of fixed-rate, first-lien prime mortgage loans, with some interest-only loans to alternative-A borrowers.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
25m ago -
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