Four classes of GE Capital home equity loan pass-through certificates have been downgraded by Fitch Ratings.The downgrades were as follows: series 1997-HE3, class B1, from BB-minus to CCC; series 1997-HE4, class B1, from B to CCC; series 1999-HE1, class B2, from CCC to C; and series 1999-HE3, class B3, from CCC to C. In addition, Fitch affirmed the ratings on 15 certificates from the same four GE Capital HEL transactions. The downgrades were attributed to poor collateral performance and greater-than-expected deterioration in asset quality.
-
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.
25m ago -
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.
29m ago -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
49m ago -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
1h ago -
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.
4h ago -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
4h ago