Moody's Investors Service has announced that 184 tranches of 91 collateralized debt obligations backed primarily by residential mortgage-backed securities have been placed on review for possible downgrade.The CDO rating actions affect securities with an original face value of approximately $5 billion, Moody's said. They primarily reflect recent rating actions by Moody's on residential mortgage-backed securities associated with first-lien subprime mortgages from the 2006 vintage and second-lien loans of the 2005/2006 vintage, as well as the structures of the individual transactions, the rating agency said.
-
Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
4h ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
4h ago -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
4h ago -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
7h ago -
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25