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.
New notices pointed out how large learning models could lead real estate businesses to unintentionally violate the Fair Housing Act in a marketing campaign.
The industry hasn't been sure how much of a lift they'd get this spring but a broader slowdown in hiring may help to lower financing costs.
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Rocket Cos. reported an increase in gain-on-sale margin but warned that going forward it is likely to slip back to levels seen in the second half of last year.
The 2022 vintage had a higher percentage of purchase mortgages, as well as 30-year fixed-rate loans versus the 2021 production, an annual Federal Housing Finance Agency report said.
