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.
Bill Pulte, FHFA director, has ordered Fannie Mae to update its servicer guide to mirror Freddie Mac policy regarding notifying borrowers about dropping MI.
Seven of eight offices are open; debit cards are capped at $1,000 a day; and the bank's website is down. The bank has given no restoration date.
It will be a promotion for Jones, currently the deputy assistant secretary for single-family housing at the Department of Housing and Urban Development.
The Federal Housing Administration share of August new-home purchase applications hit its highest mark in three months, the Mortgage Bankers Association said.
While Federal Reserve Chair Kevin Warsh has sought to inject some mystery into the central bank's communications with markets, an American Banker analysis shows that officials other than the chair have been speaking more and more frequently over the last few decades.
Anxieties over AI drew attention from Democrats and Republicans during Treasury Secretary Scott Bessent's testimony at the House Financial Services Committee.
