Two classes of mortgage pass-through certificates in Mortgage Asset Securitization Transactions Specialized Loan Trust deals have been downgraded by Fitch Ratings.Class M-5 of series 2005-3 was downgraded from BBB-minus to BB, and class M-6 was downgraded from BB to B. Fitch also placed classes M-3 and M-4 of series 2005-3 and classes M-4 and B of series 2005-1 on Rating Watch Negative and affirmed the ratings on 15 classes in three MASTR securitizations. The rating agency attributed the downgrades to deterioration in the relationship between credit enhancement and loss expectations. Fitch said the collateral backing the transactions consists primarily of first- and second-lien fixed- and adjustable-rate mortgage loans.
-
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.
8h 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.
8h ago -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
9h ago -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
10h 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.
April 25 -
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.
April 25