Two classes of Structured Asset Mortgage Investments mortgage pass-through certificates have been downgraded by Fitch Ratings, and a third has been removed from Rating Watch Negative.The downgrades in the SAMI Inc. series 2000-1 group 1 were as follows: class IB4, from BB to BB-minus, and class IB5, from B to B-minus. The rating on class IIIB4 of SAMI Inc. series 2000-1 group 3 was affirmed at BBB and removed from Rating Watch. In addition, Fitch affirmed the ratings on 35 other classes from several SAMI securitizations. The downgrades reflect deterioration in the relationship between credit enhancement and expected losses, Fitch said.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25