Class M of American Business Financial Services Mortgage Loan Trust series 2003-2 has been placed on Rating Watch Negative by Fitch Ratings.The rating agency also affirmed the rating on one other class in the deal. The Rating Watch placement was attributed to the fact that the payment of principal and interest is guaranteed by Radian Asset Assurance Inc., which has been assigned a negative outlook by the rating agency.
Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
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.
Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
Better's home equity loan product can be originated in a week or less, the company says.
The top five producers had an average dollar loan volume of more than $140 million in 2023.
