Gloria Aviotti, a group managing director at Fitch Ratings, has been named to head the rating agency's U.S. Structured Finance group.Ms. Aviotti will assume management responsibilities for all U.S.-based structured finance rating groups. She will also lead a longer-term initiative to improve analytical models across all securitization products, Fitch said. The rating agency can be found online at http://www.fitchratings.com.
The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
The fintech posted its strongest quarter since going public last year and reported major consumer loan marketplace volume approaching $4.3 billion.
