Three classes of Credit Suisse First Boston Mortgage Securities Corp.'s multifamily mortgage pass-through certificates, series 2002-TFL1, have been placed on Rating Watch Negative by Fitch Ratings.The affected classes are: classes E, F-WBC, and G-WBC. Fitch said the negative rating actions stemmed from the deteriorating performance of the Williamsburg and the Commons loan, which represents 12.7% of the pool and is secured by two apartment complexes in Cincinnati. The loan matures Nov. 11, and "will not meet the extension criteria," Fitch said.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
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