Four classes of Residential Accredit Loan Inc. mortgage pass-through certificates have been downgraded by Fitch Ratings.The downgrades were as follows: series 2005-QS5, class B-1, from BB to B-plus, and class B-2, from B to C/DR4; and series 2005-QS17, class B-1, from BB to B-plus, and class B-2, from B to C/DR4. In addition, Fitch placed nine classes on Rating Watch Negative and affirmed the ratings on 66 classes from 13 RALI securitizations. The negative rating actions were due to a deteriorating relationship between credit enhancement and loss expectations, Fitch said. The collateral for the deals consists primarily of 15- and 30-year fixed-rate mortgage loans extended to alternative-A borrowers, the rating agency said. Fitch can be found online at http://www.fitchratings.com.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
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In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18 -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18