Three classes from three DLJ Mortgage Acceptance Corp. mortgage-backed security deals have been downgraded by Fitch Ratings.The downgrades were as follows: series 1996-Q5, class B-1, from A to BB; series 1996-QB, class B-1, from BB to C; and series 1996-QJ, class B-3, from CCC to D. The ratings on seven other classes in three DLJ deals were affirmed. The rating agency attributed the downgrades to loss levels and high delinquencies relative to applicable credit support. Fitch can be found online at http://www.fitchratings.com.
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The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
September 18 -
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
September 18 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
September 17 -
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
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