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%.
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Higher costs than expected, not just for the mortgage but for repairs and more, have recent buyers' regretting their purchase, Clever RE and Redfin found in separate reports.
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New guidelines regarding buy-side and sell-side real estate agent compensation are set to go into effect this summer.
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Affordability challenges also have some aspiring homeowners taking second jobs or looking to draw from retirement savings, according to Redfin.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
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.
March 28 -
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.
March 28