Fitch Ratings has assigned Houston-based Litton Loan Servicing LP primary and special servicer ratings for small-balance commercial products.The primary servicer rating is SBPS2, and the special servicer rating is SBSS2. Fitch said the ratings reflect Litton's "experienced management team, strong servicing platform, and effective risk management practices." The special servicer rating is based on the company's ability to use "robust default management and technology expertise" in liquidating nonperforming assets. Fitch rates commercial servicers on a scale of 1 to 5, with 1 being the highest rating. Litton is a subsidiary of Credit-Based Asset Servicing and Securitization LLC, which can be found online at http://www.c-bass.com.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
3m ago -
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18 -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
April 18 -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18