Two mezzanine certificates from Origen Manufactured Housing Contract senior/subordinate asset-backed certificates, series 2001-A, have been downgraded by Moody's Investors Services.The downgrades were as follows: class M-1, from Ba2 to B1, and class M-2, from Caa2 to Ca. Moody's attributed the downgrades to the continued weaker-than-expected performance of the pool and the resulting erosion in credit support.
The industry leaders are sparring over refinance business from a Mr. Cooper portfolio, and UWM contends it didn't specifically try to harm its rival.
The trade group supports FHFA's overhaul but urges longer comment periods, more flexibility and protections to prevent unintended consequences.
The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
NJ Lenders suffered a cyberattack last August, which potentially exposed the names and social security numbers of about 30,000 individuals.
Its origination volume of $621.8 million was an increase of $114 million compared with the first quarter but its gain-on-sale was 5 basis points lower.
The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.
