Moody's Investor Service has rated the first cross-border "take-out" deal, a U.S. dollar-denominated securitization of residential housing construction loans in Mexico.The transaction, Hipotecaria Su Casita Construction Loan Trust Variable Funding Notes, series 2005-1, consists of approximately $100 million of rated debt securities. Hipotecaria Su Casita originated the construction loans in the deal. Moody's gave the transaction its top rating of Aaa based on the strength of bond insurance provided by Ambac Assurance Corp. Moody's can be found on the Web at http://www.moodys.com.
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Keeping vendor arrangements under wraps, "pen-tests" and a few simple email setting changes can make a world of difference in avoiding future attacks, experts say.
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The head of the Consumer Financial Protection Bureau summarized his findings from a yearlong probe into the Appraisal Foundation. He says the "lawmaking body" is not accountable to the public or market forces.
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The top five depositories have a combined wholesale volume of more than $15 billion at the end of Q4 2023.
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Among opportunities to be offered to the program's fifth class of startup entrepreneurs are bank-provided mentorships and sessions with technology leaders and regulatory experts within home finance.
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Financial advisors and tax experts say HOA fees are usually not deductible, unless the home is used for a business or as a rental property.
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The broker argues it did not break any agreement because it never signed an amendment to UWM's ultimatum in 2022.
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