Four classes from Banc of America Commercial Mortgage Inc. series 2006-3 have been placed on Rating Watch Negative by Fitch Ratings. The affected securities are classes J through M. The negative rating actions were attributed to exposure to seven single-tenant retail loans, of which Boscov's Inc. is the borrower and tenant. "Boscov's filed Chapter 11 bankruptcy on Aug. 4, 2008, and plans to close these stores," Fitch said.
The fintech integrates with payroll systems of employers to arrange early access to earned wages for its customers.
Larger public companies' high-profile servicing acquisitions tend to get the spotlight, but the two top leaders in the Ginnie MSR market are quieter players currently run as private companies.
Hometap's product provides homeowners with cash in exchange for a share of their home's future value, but the company has been faced with legal challenges claiming deceptive marketing.
Mortgage apps fell 6% as rates hit a near three-year high, but ARM share reached its highest since October 2025 and 21% of listings saw price cuts, openings for buydown pitches.
ICE announced Wednesday the launch of Residential Whole Loan Evaluations, which extends its evaluated pricing process to individual, unsecuritized loans.
The rare critique co-filed by an industry trade group suggests mandatory detention of noncitizens is contributing to a slowdown in new home construction.
