Four classes of Securitized Asset Backed Receivables LLC 2005-FR1 have been placed on Rating Watch Negative by Fitch Ratings.The affected securities were classes B-1, B-2, B-3, and B-4. In addition, Fitch affirmed the ratings on three other classes in the deal. Fitch said the securities were placed on watch pending receipt of additional performance information that could affect the ratings. The collateral in the transaction consists of subprime residential loans secured by first- and second-lien deeds of trust on residential properties, the rating agency said.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
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Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
5h ago -
McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18