Fifty-eight tranches from seven transactions issued under the RAMP 2005-RS shelf have been placed on review for possible downgrade by Moody's Investors Service. The negative rating actions were based on reductions in projected available credit enhancement from a significant build-up of delinquent loans, Moody's said. The collateral consists primarily of first-lien mortgage loans acquired by Residential Funding Corp. under the Negotiated Conduit Asset Program. The NCA Program was established to buy loans that do not comply with some of the criteria of RFC's standard programs.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
9h ago -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
9h ago -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18 -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18