Ninety classes from 19 issues of Residential Accredited Loans Inc. mortgage-backed securities have been downgraded by Fitch Ratings. In addition, Fitch placed four classes on Rating Watch Negative, removed nine classes from Rating Watch Negative, and affirmed the ratings on 26 other classes in the transactions. The negative rating actions were attributed to deterioration in the relationship between credit enhancement and loss expectations. The collateral consists chiefly of first-lien, alternative-A mortgage loans.
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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.
2h 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.
2h ago -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
10h ago -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
11h ago -
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