Four classes of notes issued by Enhanced Mortgage Backed Securities Fund IV Ltd. have been downgraded by Fitch Ratings, and the ratings have been withdrawn. The downgrades were as follows: class A-2, from B to C/DR4; class A-3, from B-minus to C/DR6; class A-4, from CCC to C/DR6; and preference shares, from CCC/DR6 to C/DR5. The rating actions were based on the liquidation of the transaction's portfolio, Fitch said.
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
