Two classes of Bank of America Alternative Loan Trust mortgage pass-through certificates have been placed on Rating Watch Negative by Fitch Ratings.The affected securities are class 15-B5 of series ALT 2004-9 pool 4 and class 15-B5 of series ALT 2004-10 pool 3. Fitch also affirmed the ratings on 324 classes from 14 BoA ALT transactions. The negative rating actions were based on a deterioration in the relationship between credit enhancement and loss expectations, Fitch said.
BTIG is predicting mortgage origination volume for loanDepot, PennyMac Financial Services, Rithm, Rocket Cos., and UWM Holdings combined will be 5% lower than the industry consensus for the third quarter.
Researchers showed a message with no return address slips past Reject Direct Send. Credit unions were told to close this kind of gap in 2021.
Also, the Broker Action Coalition announced Jamie Cavanaugh as its next CEO, while Dark Matter Technologies added two new members to its leadership team.
Two online ads promise Fannie Mae and Freddie Mac are working to boost purchase applications but it's unclear whether they signal interest in a stock offering.
Weak refi demand is pushing lenders to lean on servicing income, as tighter execution spreads and higher MSR values shift the industry's sell/retain calculus
