Class B-1 of GE Capital 1998-HE1 has been placed under review for possible downgrade by Moody's Investors Service.Moody's said the rating action was based on credit enhancement levels that are low in view of projected losses. The collateral underlying the transaction consists of closed-end, fixed-rate, first-lien residential mortgage loans. The rating agency can be found online at http://www.moodys.com.
Test your knowledge of the biggest mortgage headlines of the week. No. 2 pencil not required!
The San Diego company was back in the black with a net income of $28.5 million in the first quarter of 2024, up from a net loss of $93 million the previous quarter.
The agreements at the heart of the hearing did not cover the one reached with the National Association of Realtors or those people that only bought homes.
Feds say Chicago businessman Mark Steven Diamond defrauded at least 80 victims and caused at least $6 million in losses.
Fannie Mae's tool, used by originators to determine income levels for self-employed borrowers, aims to help them avoid potential underwriting errors, the government-sponsored enterprise said.
The 30-year fixed rate mortgage fell for the first time in six weeks as the Federal Open Market Committee meeting outcome is finally priced in.
