The class C notes issued by Fulton Street CDO Ltd. and Fulton Street CDO Funding Corp. and Sunrise CDO I Inc. have been downgraded from B/DR1 to B-minus/DR1 by Fitch Ratings.The downgrade was based on declining performance measures, such as overcollateralization ratios and weighted average coupons, Fitch said. The transaction is a collateralized debt obligation supported by residential and commercial mortgage-backed securities, asset-backed securities, corporate debt securities, and CDOs.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
36m ago -
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25