Class B-3 of Salomon Brothers Mortgage Securities VII Inc. mortgage pass-through certificates, series 2000-UP1, has been placed on Rating Watch Negative by Fitch Ratings. Fitch also affirmed the ratings on 63 classes from 15 issues of Salomon Brothers pass-throughs. The collateral in the transaction consists of first-lien prime mortgage loans.
Selene Finance is defending its communications to borrowers, and is arguing that plaintiffs' inquiries are too individualized for class certification.
Merging Fannie Mae and Freddie Mac may not be possible but there is a variation that maintains competition and adds efficiency, according to one shareholder.
As part of a broader expansion of its profit and loss production network, Rate is bringing former Fairway employees Vito Roppo and Nick Ferrante onboard.
Most of the A1 tranches, are expected to pay a coupon of 5.83%, except for the A-1 last-cash flow tranche, which is expected to pay 5.93%.
United Wholesale Mortgage launched a "first-of-its-kind" ChatGPT plugin that connects borrowers with independent mortgage brokers across the country.
