Three classes of Option One Mortgage Loan Trust mortgage-backed securities, series 2003-5, have been downgraded by Fitch Ratings.The downgrades were as follows: class M-4, from A-minus to BBB (and removed from Rating Watch Negative); class M-5, from BB-plus to B; and class M-6, from BB to C/DR5. Fitch also affirmed the ratings on six classes in the deal. The downgrades were attributed to a deterioration in the relationship between credit enhancement and loss expectations.
Consensus estimates and BTIG analyst Douglas Harter's volume prediction both put Rocket ahead of UWM for the period, but by how much is where the two are different.
Mid-Atlantic home sales climbed in June as inventory grew, even with mortgage rates near 6.5%. High-income and repeat buyers led the gains, Bright MLS found.
HUD must complete 124 actions to implement the new housing law, with roughly half due within a year. Here's what's changing for lenders and borrowers.
The Federal Reserve governor said the central bank should consider near-term rate hikes if core-measures of inflation continue to climb.
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.
