Class M-2 of Metropolitan Asset Funding series 2000-A has been downgraded from BB-minus to B-minus by Fitch Ratings.In addition, class B-1 of Metropolitan Asset Funding series 2000-B was placed on Rating Watch Negative. Fitch also affirmed the ratings on seven other classes in the two deals. The negative rating actions reflect higher-than-expected loss levels on the underlying collateral, the rating agency said.
Properties outside flood zones carry outsized risk without insurance but client education and proactive solicitation before a storm can decrease serious delinquencies.
Earlier in the day, the company confirmed it made staffing reductions as it aligns its cost structure with its technology investments to help operations.
Federal Reserve Chair Kevin Warsh acknowledged that his limited guidance might have been a factor in rising market rates, but said whatever increased volatility can be attributed to the changes is more than offset by the benefit of a more nimble central bank.
While buyers' leverage now spans 41 of the 50 largest metros, starter-home sales fell 5.4% amid affordability concerns.
Economic uncertainty is turning into 2026's defining theme that dictates housing market trends, according to over one-third of lenders surveyed by HomeLight.
The approvals expand BSI's ability to support Ginnie Mae-backed digital mortgage assets across securitization and servicing, the company said.
