Three classes of Structured Asset Securities Corp. mortgage pass-through securities have been placed on Rating Watch Negative by Fitch Ratings.The affected classes are as follows: SASCO series 2002-10H, class B5; SASCO series 2002-22H, group 1, class B5-I; and SASCO series 2002-22H, group 2, class B5-II. Fitch also affirmed the ratings on 22 other classes in those series and two others. The Rating Watch placements were attributed to loss expectations and high delinquencies relative to the applicable credit support.
-
More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.
September 14 -
Seller-impersonation attempts more than doubled in two years, with artificial intelligence providing fraudsters new tools to commit crimes, a report said.
September 14 -
Homebuyers who are preapproved have the best opportunity to take advantage of fall discounts, giving lenders an opportunity to roll out marketing around this.
September 14 -
Bank of America upped its forecast for non-qualified mortgage issuance, with investors, particularly insurers, buying these and other non-agency securities.
September 14 -
NAF Insurance customers save $719 on average, Phil Miller, senior vice president of strategic partnerships at New American said.
September 14 -
Polling suggests that Democrats could retake control of the House and have a formidable shot at the Senate as well. If they win both chambers, oversight of bank regulation, crypto and Trump administration officials will be the name of the game.
September 14










