Twenty-five subordinate certificates from 12 subprime home equity loan transactions issued by Structured Asset Securities Corp.'s Amortizing Residential Collateral Trusts have been placed under review for possible downgrade by Moody's Investors Service.The affected classes are as follows: series 2001-BC1, class M1 and class M2; series 2001-BC6, class M2; series 2002-BC1, class M2 and class B; series 2002-BC2, class M1, class M2, and class B; series 2002-BC3, class M2 and class B; series 2002-BC4, class M3 and class B1; series 2002-BC5, class M3; series 2002-BC6, class M3 and class B; series 2002-BC7, class B1, class B2, and class B3; series 2002-BC8, class M3, class M4, and class B; series 2002-BC9, class M3, class M4, and class B; and series 2002-BC10, class M3. The rating actions were based on the weaker-than-expected performance of the mortgage pools and the resulting erosion of credit support, Moody's said. The rating agency can be found online at http://www.moodys.com.
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The Housing for the 21st Century Act includes provisions covering policy, manufactured homes and rural infrastructure introduced in a prior Senate proposal.
February 6 -
Mortgage loan officer licensing saw its first rise since 2022 as Fannie Mae projects $2.4T in 2026 volume. Experts eye a market reset amid improving affordability.
February 6 -
The FHFA chief told Fox an offering could be done near term - but may not be - while a Treasury official addressed conservatorship questions at an FSOC hearing.
February 6 -
The secondary market regulator will formally publish its own rule on Feb. 6, after a comment period and without making changes to what it proposed in July.
February 6 -
Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes.
February 5 -
The mortgage technology unit at Intercontinental Exchange posted a profit for the third straight quarter, even as lower minimums among renewals capped growth.
February 5




