Thirty-seven tranches from six mortgage-backed securities deals issued by RAMP in 2005 and 2006 have been placed under review for possible downgrade by Moody's Investors Service. The actions were attributed to projected reductions in available credit enhancement. The collateral consists primarily of first-lien residential mortgage loans with high loan-to-value ratios. Moody's can be found on the Web at http://www.moodys.com.
Selene Finance is defending its communications to borrowers, and is arguing that plaintiffs' inquiries are too individualized for class certification.
Merging Fannie Mae and Freddie Mac may not be possible but there is a variation that maintains competition and adds efficiency, according to one shareholder.
As part of a broader expansion of its profit and loss production network, Rate is bringing former Fairway employees Vito Roppo and Nick Ferrante onboard.
Most of the A1 tranches, are expected to pay a coupon of 5.83%, except for the A-1 last-cash flow tranche, which is expected to pay 5.93%.
United Wholesale Mortgage launched a "first-of-its-kind" ChatGPT plugin that connects borrowers with independent mortgage brokers across the country.
