Classes IB-4 and IB-5 from Goldman Sachs Mortgage Securities Corp. series 2002-3F have been removed from Rating Watch Negative by Fitch Ratings.Fitch affirmed the ratings on the two classes and on four other classes from the transaction. The Rating Watch removal followed a review of certain nonperforming loans. "Fitch no longer expects that the liquidation of these loans will have any significant impact on the level of credit enhancement for the class IB-5 and class IB-4 bonds," the rating agency said.
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The new Financial Stability Oversight Council report also recommends an expanded Ginnie Mae PTAP facility and an industry-funded liquidity resource.
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The publicly traded title holding companies all had stronger earnings as the mortgage market improved from one year prior.
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One in every 37 residential properties nationwide had a loan-to-value ratio of 125% or greater to begin the year, according to a new report.
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There's temporary leeway on formal compliance with replacement-cost value requirements in order to sort out insurer concerns with a recent re-emphasis on them.
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Max Levchin, CEO of the buy now/pay later lender, said recent tests show young adults prefer interacting with intelligent chatbots over phone-based agents, but the company doesn't foresee major cost savings from generative AI for a few more years.
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Test your knowledge of the biggest mortgage headlines of the week. No. 2 pencil not required!
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