Classes B-1 and B-2 from Credit Based Asset Servicing and Securitization LLC series 2000-CB4, a mortgage loan securitization, have been placed on Rating Watch Negative by Fitch Ratings.Fitch also upgraded four classes from two other C-BASS transactions and affirmed the ratings on five classes. The negative rating actions reflect a deterioration in the relationship between credit enhancement and loss expectations, the rating agency said. Series 2000-CB4 consists primarily of subprime conventional fixed-rate and adjustable-rate 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.
April 18 -
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.
April 18 -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18 -
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