Classes M-2 and M-3 of Deutsche Alt-A Securities Inc. Mortgage Loan Trust, series 2003-4XS, have been placed under review for possible downgrade by Moody's Investors Service.The negative rating actions were attributed to credit enhancement levels that were deemed low given the projected losses on the underlying pools, which could cause "a more significant erosion" of overcollateralization. Moody's can be found on the Web at http://www.moodys.com.
Atlas VMS acquired CloseClear.ai to help lenders prevent post-appraisal GSE buybacks. The tech continuously matches active pipelines against live disaster maps to plug closing blind spots.
BTIG is predicting mortgage origination volume for loanDepot, PennyMac Financial Services, Rithm, Rocket Cos., and UWM Holdings combined will be 5% lower than the industry consensus for the third quarter.
Cyber policies must keep pace with a surge in incidents fueled by AI, as well a growing trend toward account takeovers.
Researchers showed a message with no return address slips past Reject Direct Send. Credit unions were told to close this kind of gap in 2021.
Also, the Broker Action Coalition announced Jamie Cavanaugh as its next CEO, while Dark Matter Technologies added two new members to its leadership team.
