Class B-4 of NovaStar 2004-3 mortgage pass-through certificates has been downgraded from BBB-minus to BB by Fitch Ratings.Fitch also affirmed the ratings on 10 other classes in the transaction. The rating agency attributed the downgrade to a deterioration in the relationship between credit enhancement and loss expectations. The collateral consists of fixed- and adjustable-rate residential mortgage loans secured by first and second liens.
The plaintiff accuses Catalyst Mortgage of violating the federal Telephone Consumer Protection Act through unsolicited telemarketing texts.
Residents who filed a class action lawsuit say the title insurer is unfairly profiting from their home data on its DataTree platform, without their consent.
Bipartisan pushback is targeting data centers with calls to eliminate tax breaks and ensure their energy consumption costs do not get passed on to residents.
The bipartisan housing package, dismissed by President Trump as a "yawn," takes effect automatically after he declined to sign it in protest over stalled voter ID legislation.
Over one-third of the Wolters Kluwer survey participants believe the next Fed move will be to boost short-term rates, but most expect one cut next year.
The National Association of Home Builders Remodeling Market Index for the second quarter posted a reading of 61, a one-point decline from the first quarter.
