Class B-3 of Structured Asset Mortgage Investments Trust, series 2001-4, has been downgraded from Baa2 to Baa3 by Moody's Investors Service.The transactions are backed by first-lien fixed-rate mortgage loans. The downgrade was attributed to weak performance by the underlying loans, with historical and expected cumulative losses exceeding original expectations. Future losses could cause the writedown of the nonrated subordinate certificates in the deal, Moody's said.
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The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
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The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
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Ohio-based Liberty Home Mortgage joins several companies who started using a more modernized FICO credit score for nonconforming mortgage originations recently.
April 17 -
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
April 17 -
The plan that the Federal Housing Finance Agency floated calls for Freddie Mac to actively invest in some new closed-end seconds as cash-out refinancing subsides.
April 17 -
The push comes amid what one expert highlighted as lax funding efforts for two Department of Housing and Urban Development grant programs.
April 17