The Frankfurt office of Moody's Investors Service has placed on review for possible downgrade the ratings of the mortgage pfandbriefe (covered bonds) issued by Germany's Allgemeine HypothekenBank Rheinboden.The rating action follows the downgrades of AHBR's long-term bank deposit and short-term deposit ratings. "The review of the AHBR's pfandbrief ratings will assess the commitment to hold sufficient overcollateralization and to what extent the mortgage pfandbriefe might be affected by the new bank's business realignment," Moody's said. AHBR agreed to sell its international real estate financing business to Hypo Real Estate Group earlier this year.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25