Three classes of HSI Asset Securitization Corp. 2006-WMC1 mortgage pass-through certificates have been placed on Rating Watch Negative by Fitch Ratings.The affected securities are classes M-8, M-9, and M-10. In addition, Fitch affirmed the ratings on eight other classes in the transaction. The negative rating actions were attributed to a deterioration in the relationship between credit enhancement and expected losses, and the fact that the overcollateralization amount is approximately 30% short of its target amount. Fitch can be found on the Web at http://www.fitchratings.com.
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In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
11m ago -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
7h ago -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
8h ago -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
9h ago -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
11h ago -
The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
April 18