Fitch Ratings has withdrawn the insurer financial strength ratings of Mortgage Guaranty Insurance Corp., and the long-term issuer rating of MGIC Investment Corp., Milwaukee, Wis. These actions were taken at MGIC's request, a company spokeswoman said. She added MGIC had no additional comment. Fitch Ratings also had no comment. MGIC's mortgage insurance subsidiary had a BB- financial strength rating, while the parent company had a long-term issuer rating of B-. Also withdrawn were B- ratings on a pair of senior notes offerings and a C-rating on convertible junior subordinated debentures due in 2063.
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The changes in the leadership at Sagent, just months into its full introduction of its new servicing platform, look to be setting up the next phase of its roll out.
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Several proposed updates, including lower risk-weight floors for certain securitizations and corporate loans, could make it more attractive for banks to finance or hold certain private credit-related assets, experts say.
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Federal Reserve Gov. Michael Barr appears to be among the majority of monetary policymakers who foresee at least one more rate hike before the end of the year.
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Attom expanded its artificial intelligence platform, eLend partnered with Ready4Remodel to increase renovation financing and Keller Williams teamed up with Rejig.ai.
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Several lawsuits filed this year have painted the shared appreciation agreements as misleading, and suggest they should be treated as mortgage loans.
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A series of tornadoes and severe hailstorms across the Central U.S. turned Midwestern states into claims hotspots in the second quarter, according to Verisk.
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