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.
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The Federal Housing Administration, the Department of Veterans Affairs and the Federal Housing Finance Agency have started gathering data and analyzing how climate risk will impact the housing ecosystem.
9h ago -
A special committee is exploring any possible structural "strategic alternatives," which would be aimed at increasing shareholder value, the real estate investment trust said.
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An insurance-indexed debt-to-income ratio could help mitigate borrowers' rising premiums, and help maintain a healthy servicing portfolio, experts said.
April 22 -
But the number of properties whose mortgage is more than 90 days late is at its lowest since 2006, ICE Mortgage Technology said.
April 22 -
Industry leaders expressed a high degree of satisfaction with technology in use, but also said a product's cost is the most important criteria for them when partnering with vendors, according to Fannie Mae research.
April 22 -
The top five loan officers produced an average of 628 loans in 2023.
April 22