Forty-seven classes from mortgage securitizations issued by Residential Accredited Loans Inc. in 2005 and 2006 have been downgraded by Fitch Ratings.Fitch also placed 12 classes from RALI transactions on Rating Watch Negative, removed 15 classes from Rating Watch Negative, and affirmed the ratings on 46 classes. The downgrades were attributed to deterioration in the relationship between credit enhancement and loss expectations. The collateral for the 18 deals consists primarily of first-lien, alternative-A residential mortgage loans.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
27m ago -
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18 -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
April 18 -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18