Classes B-1 and B-2 of GS Mortgage Securities Corp. residential mortgage pass-through certificates, series 2003-HE1, have been placed on Rating Watch Negative by Fitch Ratings.In addition, four classes from two other GSAMP transactions were upgraded, and the ratings on 42 classes from eight GSAMP deals were affirmed. The negative rating actions were attributed to monthly losses that have exceeded excess spread in four of the last six months, causing overcollateralization to fall below its target.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
7h ago -
Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
8h ago -
McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
9h ago -
The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
11h ago -
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
11h ago -
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18