Three classes of Merrill Lynch Mortgage Investors Inc.'s mortgage loan asset-backed certificates, series 2005-SD1, have been downgraded by Fitch Ratings.The downgrades were as follows: class M-2, from A to BBB-plus; class B-1, from BBB to BB; and class B-2, from BB to B-minus/DR2. The rating agency also affirmed the ratings on two other classes in the deal. The downgrades were attributed to a deterioration in the relationship between credit enhancement and expected losses. The transaction consists primarily of subprime mortgage loans secured by first or second liens.
-
While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.
3h ago -
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
4h ago -
Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
10h ago -
The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
11h ago -
Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
April 23 -
Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
April 23