The rating on class B-1 of the Terwin Mortgage Trust series 2004-EQR1 securitization has been placed on review for possible downgrade by Moody's Investors Service.Moody's said the rating is being reviewed "in light of rising loss severities upon liquidation and an accelerated deterioration of overcollateralization." The collateral for the transaction consists of nonperforming mortgage loans, which are typically defined as loans that are delinquent 90 days or more, subject to bankruptcy or foreclosure proceedings, or held as real estate owned.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
4h ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
4h ago -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
4h ago -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
7h ago -
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