The ratings on 11 classes from five Amresco Residential Securities Corp. Mortgage Loan Trust deals have been placed under review for possible downgrade by Moody's Investors Service.The affected classes are as follows: series 1997-2, class M-2F; series 1997-3, classes M-2F, B-1F, and B-2F; series 1998-1, classes M-2A, M-2F, and B-1F; series 1998-2, class B-1F; and series 1998-3, classes M-2A, B-1A, and B-1F. Moody's also placed 11 classes from three transactions under review for possible upgrade. The rating agency attributed the reviews for possible downgrade to the fact that credit enhancement levels are not sufficient to support the current ratings. Moody's can be found online at http://www.moodys.com.
-
The threats to companies loom as borrowers face soaring homeowners insurance costs, ex-Ginnie Mae head Ted Tozer explains.
1h ago -
The Federal Housing Administration, the Department of Veterans Affairs and the Federal Housing Finance Agency have started gathering data and analyzing how climate risk will impact the housing ecosystem.
April 22 -
A special committee is exploring any possible structural "strategic alternatives," which would be aimed at increasing shareholder value, the real estate investment trust said.
April 22 -
An insurance-indexed debt-to-income ratio could help mitigate borrowers' rising premiums, and help maintain a healthy servicing portfolio, experts said.
April 22 -
But the number of properties whose mortgage is more than 90 days late is at its lowest since 2006, ICE Mortgage Technology said.
April 22 -
Industry leaders expressed a high degree of satisfaction with technology in use, but also said a product's cost is the most important criteria for them when partnering with vendors, according to Fannie Mae research.
April 22