Fitch Ratings has announced the addition of performance data for select issuers to its Performance Indices for the U.S. subprime residential mortgage-backed securities sector.The subprime issuers were chosen based on 2000-2003 issuance volume, and Fitch developed a performance index for each of the issuers' RMBS transactions going back to 1998, the rating agency said. The indices are segmented by product type (fixed- and adjustable-rate mortgages) and will be updated quarterly, beginning in October. Fitch can be found online at http://www.fitchratings.com.
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New jobs in health care largely drove the gains, while the federal workforce and finance continued to shrink.
April 3 -
Finance of America has not disclosed any incident, but a consumer filed an immediate lawsuit over a lone report of a ransomware gang's recent hack.
April 3 -
United Wholesale Mortgage lost ground to RKT in one category but held onto a healthy lead in another, an analysis of Home Mortgage Disclosure Act data shows.
April 3 -
HECM endorsements rose 16% in March to 2,117 loans, but monthly volumes remain near their slowest pace since last summer as proprietary reverse products quietly steal market share.
April 2 -
Which parties are responsible for the surge persisted as a source of debate as community lenders released updated survey data reflecting their average expense.
April 2 -
The 30-year fixed rate climbed to 6.46% this week, its highest mark since September, as mortgage applications fell 10.4% and sellers outnumber buyers by a record 46%.
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