Class II-B-5 of Luminent Mortgage Loan Trust series 2006-3 has been placed on Rating Watch Negative by Fitch Ratings.In addition, the ratings on five other classes in the transaction were affirmed. The negative rating action was attributed to "signs of increasing credit risk." The collateral consists of adjustable-rate mortgage loans.
The San Diego company was back in the black with a net income of $28.5 million in the first quarter of 2024, up from a net loss of $93 million the previous quarter.
The agreements at the heart of the hearing did not cover the one reached with the National Association of Realtors or those people that only bought homes.
Feds say Chicago businessman Mark Steven Diamond defrauded at least 80 victims and caused at least $6 million in losses.
Fannie Mae's tool, used by originators to determine income levels for self-employed borrowers, aims to help them avoid potential underwriting errors, the government-sponsored enterprise said.
The 30-year fixed rate mortgage fell for the first time in six weeks as the Federal Open Market Committee meeting outcome is finally priced in.
The home purchase market right now is healthier than it was last year, said CEO Mat Ishbia, noting a 24% increase in volume over the recent period compared to Q1 2023.
