Five classes of Structured Asset Securities Corp. mortgage pass-through certificates have been downgraded by Fitch Ratings.The downgrades were as follows: SASCO 2001-8A pools 1-3, class B4-I, from BB-minus to B; SASCO 2002-22H group 1, class B4-I, from BB to B, and class B5-I, from CCC/DR2 to C/DR6; and SASCO 2002-22H group 2, class B4-II, from BB to B, and class B5-II, from CCC/DR2 to C/DR6. In addition, the ratings on 15 other classes in the transactions were affirmed. Fitch attributed the downgrades to cumulative pool losses and high delinquency levels.
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Atlas VMS acquired CloseClear.ai to help lenders prevent post-appraisal GSE buybacks. The tech continuously matches active pipelines against live disaster maps to plug closing blind spots.
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BTIG is predicting mortgage origination volume for loanDepot, PennyMac Financial Services, Rithm, Rocket Cos., and UWM Holdings combined will be 5% lower than the industry consensus for the third quarter.
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Researchers showed a message with no return address slips past Reject Direct Send. Credit unions were told to close this kind of gap in 2021.
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Cyber policies must keep pace with a surge in incidents fueled by AI, as well a growing trend toward account takeovers.
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Also, the Broker Action Coalition announced Jamie Cavanaugh as its next CEO, while Dark Matter Technologies added two new members to its leadership team.
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