Two classes from Goldman Sachs Mortgage Securities Corp. series 2002-3F have been placed on Rating Watch Negative by Fitch Ratings.The affected classes, both from group 1, are class IB-4 and class IB-5. Fitch also affirmed the ratings on 29 classes from seven Goldman Sachs issues. The Rating Watch placement was attributed to higher-than-expected delinquency levels. The collateral pool consists of fixed- and adjustable-rate mortgage loans extended to prime and alternative-A borrowers, the rating agency said.
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Though the crimes occurred earlier this decade, they highlight how much easier it has become to create false documents today, given the rise of artificial intelligence.
2h ago -
The "stay-put" economy, along with higher mortgage rates, is responsible for this shift where home equity and seconds have a 17.5% market share, Benutech found.
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ICE data reveals home value growth hit a 15-month high, prompting originators to target resilient markets like upstate New York and pivot focus toward single-family inventory.
July 23 -
The company reported a nearly $600,000 loss as it navigates the loss of Rithm-related business and pushes for a more diversified revenue model.
July 23 -
Brian Johnson, President Trump's nominee to lead the Consumer Financial Protection Bureau, navigated a somewhat contentious Senate Banking Committee hearing dominated by Democratic opposition but without giving away specific plans he has for the agency.
July 23 -
Originators need to keep an eye on the 10-year Treasury yield used in pricing mortgages, which not only broke through 4.6%, climbed above 4.7% on Thursday.
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