The increased amount of credit enhancement required in residential mortgage securitizations affected by predatory lending law risk can be "somewhat mitigated" if an analysis of the originators' compliance procedures shows that the originator has "significant strengths in this area," according to Fitch Ratings.If such strengths are demonstrated, "credit enhancement might then be reduced, although some increased enhancement would remain since no originator is viewed as completely free of concern," Fitch said in a Nov. 12 report. Fitch can be found on the Web at http://www.fitchratings.com.
-
The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
1h ago -
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
1h ago -
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18 -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
April 18 -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18