Class B of Residential Asset Mortgage Products Inc. home equity mortgage asset-backed pass-through certificates, series 2001-RZ3, has been downgraded from BB to B by Fitch Ratings.In addition, the ratings on four other classes in the deal were affirmed. The downgrade was attributed to a decline in enhancement relative to the applicable credit support.
The two major government-related mortgage buyers' clarifications on real estate commissions take a path similar to that of the Federal Housing Administration.
While newly constructed home mortgage applications rose both on a monthly and annual basis, the gains were slower than typical.
Sens. Elizabeth Warren, D-Mass., and Richard Blumenthal, D-Conn., detailed how New York Community Bank grew to exceed the $100 billion threshold that triggers tougher bank requirements and set the bank on a path to market turmoil via a series of deals that were approved, in part, by the Office of the Comptroller of the Currency.
The mortgage lender is requesting for a former VP of Mortgage Lending to pay back over $500,000.
The Supreme Court ruling on tax foreclosures could improve servicer recoveries but it's also giving some jurisdictions pause as they look at how to interpret it.
The former Realtor says a lack of teamwork between real estate agents and lenders in today's climate could compromise buyers and sellers.
