Class M of DLJ Mortgage Acceptance Corp. series 1996-QA has been placed on review for possible downgrade by Moody's Investors Service.Moody's said the action was based on the weak performance of the underlying loans, whose cumulative losses have exceeded original expectations. The B-1 certificate has already assumed some writedowns. The rating agency can be found on the Web at http://www.moodys.com.
As non-QM lending keeps growing, RiskSpan says its new tool gives lenders and investors a better way to judge borrower risk
The class action complaint also names an appraisal management company, and slams their lack of transparency over how much the AMC pockets.
At a House hearing last week, GOP lawmakers asked Russell Vought, the acting director of the Consumer Financial Protection Bureau, for advice on how to craft legislation to permanently change the CFPB's authority. The hearing highlighted a consensus among Republicans that administrative policy rollbacks are not enough.
Home values have increased 147% over the last 15 years, pushing more homeowners above the capital gains tax exemption thresholds, according to Cotality.
MISMO's updated SMART Doc guide arrives as digital adoption jumps from 74% to 90% of lenders — here's what's changed and who's still exposed.
Dynex Capital executives say they are preparing for future challenges from artificial intelligence's application to refinancing.
