Class B4 of CWMBS (Countrywide Home Loans) Inc. mortgage pass-through certificates, series 2003-41, has been placed on Rating Watch Negative by Fitch Ratings.The rating agency also affirmed the ratings on five other classes in the transaction. The Rating Watch placement stems from the fact that 0.93% of remaining loans have been delinquent for more than 90 days as of Aug. 25, whereas the credit enhancement for the class stood at only 0.27%.
U.S. District Judge James Robart found the complaint lacked statutory standing for a RESPA claim and the plaintiffs failed to identify any deceptive conduct.
The sale comes several months after private equity firm Hale Capital Partners acquired the financially troubled company formerly known as Voxtur Analytics.
Meanwhile, MISMO has updated its guide to incorporate the updated scores for use with mortgage insurers and VantageScore Solutions rolls out a new model, 5.0.
The real estate investment trust struggled with legacy assets and its bottom line, but sees a path forward with non-QM, third-party originations and AI.
While U.S. home values fell in real terms for the 12th consecutive month, voices say slow inventory growth has flipped the script away from the south and towards east metros.
The Congressional Budget Office's latest read on loan and guarantee costs points to the risks and value of government-sponsored enterprises in conservatorship.
