The B classes of Impac Secured Assets Corp. mortgage pass-through certificates series 2000-4 and 2000-5 have been placed on Rating Watch Negative by Fitch Ratings.In addition, Fitch affirmed the ratings on six other classes in the two deals. The Rating Watch placements reflect concerns based on available credit enhancement relative to future loss expectations, the rating agency said. Fitch can be found online at http://www.fitchratings.com.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
40m ago -
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.
April 25 -
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.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
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.
April 25