Two classes of mortgage pass-through certificates from Structured Asset Securitization Corp. 2002-22H have been downgraded by Fitch Ratings.Class B3-I was downgraded from BB to BB and placed on Rating Watch Negative, and class B4-I was downgraded from B to C/DR5. Fitch also affirmed the ratings on eight classes from the transaction. The negative rating actions reflect deterioration in the relationship between credit enhancement and expected losses, Fitch said.
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While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.
1h ago -
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
8h ago -
The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
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Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
April 23 -
Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
April 23