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.
New jobs in health care largely drove the gains, while the federal workforce and finance continued to shrink.
Finance of America has not disclosed any incident, but a consumer filed an immediate lawsuit over a lone report of a ransomware gang's recent hack.
United Wholesale Mortgage lost ground to RKT in one category but held onto a healthy lead in another, an analysis of Home Mortgage Disclosure Act data shows.
HECM endorsements rose 16% in March to 2,117 loans, but monthly volumes remain near their slowest pace since last summer as proprietary reverse products quietly steal market share.
Which parties are responsible for the surge persisted as a source of debate as community lenders released updated survey data reflecting their average expense.
The 30-year fixed rate climbed to 6.46% this week, its highest mark since September, as mortgage applications fell 10.4% and sellers outnumber buyers by a record 46%.
