Four certificates from three transactions issued by Aames Mortgage Trust in 2001 have been placed under review for possible downgrade by Moody's Investors Service.The affected certificates are as follows: series 2001-1, class b; series 2001-2, class m-2; series 2001-2, class b; series 2001-3, class b. In addition, Moody's has placed under review for possible upgrade three certificates from one Aames deal. The transactions are backed mostly by first-lien fixed-rate mortgage loans originated by Aames Financial Corp. and serviced by Countywide Home Loans Inc. The certificates were placed under review for possible downgrade "because existing credit enhancement levels may be low given the current projected losses on the underlying pools," Moody's said. "The transactions have taken significant losses, causing gradual erosion of the overcollateralization."
-
New guidelines regarding buy-side and sell-side real estate agent compensation are set to go into effect this summer.
12m ago -
Affordability challenges also have some aspiring homeowners taking second jobs or looking to draw from retirement savings, according to Redfin.
1h ago -
The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
March 28 -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28 -
The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
March 28