Classes G and H of Merrill Lynch Mortgage Investors Inc. mortgage pass-through certificates, series 1999-C1, have been downgraded by Fitch Ratings, and class F has been placed on Rating Watch Negative.Class G was downgraded from B to B-minus/DR1, and class H was downgraded from CC/DR3 to C/DR5. The rating agency also affirmed its ratings on six other classes in the deal. The negative rating actions "are due to expected losses on the assets in special servicing (11.4%), in addition to the uncertainty surrounding the timing of the disposition of assets that have been in special servicing for over 24 months," Fitch said.
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Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
7m ago -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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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.
April 25 -
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.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25