Class B5 of Merrill Lynch Mortgage Investors Trust series 2005-HE1 has been downgraded from BB to B-plus and removed from Rating Watch Negative by Fitch Ratings.In addition, class B4 was removed from Rating Watch Negative, and the ratings on 16 classes from two MLMI transactions were affirmed. The downgrade was based on a deterioration in the relationship between credit enhancement and loss expectations, Fitch said. The rating agency said the transactions are backed by fixed- and adjustable-rate, first- and second-lien subprime residential mortgages.
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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.
2h ago -
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.
2h ago -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
10h ago -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18