Two subordinated tranches from two mortgage-backed securitizations issued by Credit Suisse First Boston Mortgage Securities Corp. in 2001 and 2002 have been placed under review for possible downgrade by Moody's Investors Service.The affected securities are class B-3 of series 2001-2 and class VII-M-2 of series 2002-AR31. The actions were based on the fact that the bonds' credit enhancement levels "may be low" in view of projected losses for the current rating level, Fitch said.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
10h ago -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
11h ago -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
March 28 -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
March 28 -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
March 28