Five classes from five Conseco/Green Tree home equity loan deals have been downgraded by Fitch Ratings.The downgrades were as follows: Green Tree Home Equity 1998-C, class B-2, from CCC/DR1 to CC/DR2; Green Tree Home Equity 1999-C, class B-2, from C/DR2 to C/DR6; Green Tree Home Equity 1999-D, class B-2, from CCC/DR1 to C/DR4; Conseco Home Equity 2001-B B2, class B-2, from BB to B-plus; and Conseco Home Equity 2001-D, class B-1, from BB-minus to B. In addition, Fitch upgraded 11 classes and affirmed the ratings on 54 other classes in 18 Conseco/Green Tree home equity and home improvement transactions. The downgrades were attributed to a deteriorating relationship between credit enhancement and expected losses. Fitch can be found online at http://www.fitchratings.com.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
11h ago -
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 -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18