Class B-5 of Wells Fargo Alternative Loan Trust series 2005-1 has been placed on Rating Watch Negative by Fitch Ratings. Fitch also affirmed the ratings on 16 other classes in three Wells Fargo transactions. The negative rating action was attributed to deterioration in the relationship between credit enhancement and expected losses. The underlying collateral consists of conventional first mortgage loans. Fitch can be found online at http://www.fitchratings.com.
As UAD 3.6's Nov. 2 mandate shrinks an aging appraiser pool, AnnieMac and Lower lean on AUS waivers and in-house teams to dodge 2022-style fee spikes and turn-time delays.
Mega investors, the smallest segment of non-owner occupied single family homebuyers, were responsible for one-quarter of the unit drop in second quarter sales.
The company will begin direct-lending operations in its home state of California, before expanding across the U.S. over coming quarters, its executives said.
Developments at Freddie Mac, Fannie Mae and factory-built housing innovator Boxabl point to some expanded ways to make mortgages or HELOCs.
President Donald Trump Wednesday signed a continuing resolution to fund the government through December, averting a government shutdown at least until after November's elections.
The 30-year FRM, as tracked by Freddie Mac, rose to a level last reached in July 2025, helped by the 10-year Treasury briefly topping the 4.8% ceiling.
