Four certificates from Fremont Home Loan Trust series 2006-B have been placed on review for possible downgrade by Moody's Investors Service.The affected securities are classes SL-M7, SL-M8, SL-M9, and SL-B1. The negative rating actions were attributed to the fact that the bonds' credit enhancement levels, including excess spread, may be too low in view of projected losses. The transaction is backed by second-lien loans.
A one-time chief lending officer for Heritage State Bank has been barred from the industry for signing off on mortgages backed by over-valued appraisals.
Sales trends for new homes are on the upswing, another reason mortgage lenders need to keep an eye on this segment, the Mortgage Bankers Association found.
While raising concern, foreclosures were returning to normal historical trends, with timelines also shortening in the first half of 2026, Attom said.
Bob Murphy was a key figure in vendor management as the co-founder of Lenders Service Inc., which is considered the first AMC, and later created ValuAmerica.
Randian Capital, which has limited influence due to its small stake in the top mortgage company, is recommending a new strategy for the servicing portfolio.
Increased use of artificial intelligence led to revenue growth and productivity gains during the second quarter, the bank's leaders said.
