Classes B-4 and B-5 of Morgan Stanley Mortgage Loan Trust series 2006-4SL have been placed on review for possible downgrade by Moody's Investors Service.The rating actions stemmed from the fact that the bonds' credit enhancement levels, including excess spread, may be too low to cover projected losses at the current rating level, Moody's said. The transaction is backed by closed-end second-lien loans.
The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
Better's home equity loan product can be originated in a week or less, the company says.
The top five producers had an average dollar loan volume of more than $140 million in 2023.
The threats to companies loom as borrowers face soaring homeowners insurance costs, ex-Ginnie Mae head Ted Tozer explains.
