Four classes of Structured Asset Securities Corp. Amortizing Residential Collateral Trust, series 2002-BC7, have been downgraded by Fitch Ratings.The downgrades were as follows: class M6, from A-minus to BBB-plus; class B1, from BBB-plus to BB-plus; class B2, from BBB to BB; and class B3, from BBB-minus to BB. Fitch also placed the ratings of classes M2 and M3 of SASCO series 2002-BC10 on Rating Watch Negative. In addition, Fitch affirmed the ratings on six SASCO classes. The negative rating actions were attributed to higher-than-expected delinquencies and losses. Fitch can be found on the Web at http://www.fitchratings.com.
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The Federal Housing Administration, the Department of Veterans Affairs and the Federal Housing Finance Agency have started gathering data and analyzing how climate risk will impact the housing ecosystem.
9h ago -
A special committee is exploring any possible structural "strategic alternatives," which would be aimed at increasing shareholder value, the real estate investment trust said.
11h ago -
An insurance-indexed debt-to-income ratio could help mitigate borrowers' rising premiums, and help maintain a healthy servicing portfolio, experts said.
April 22 -
But the number of properties whose mortgage is more than 90 days late is at its lowest since 2006, ICE Mortgage Technology said.
April 22 -
Industry leaders expressed a high degree of satisfaction with technology in use, but also said a product's cost is the most important criteria for them when partnering with vendors, according to Fannie Mae research.
April 22 -
The top five loan officers produced an average of 628 loans in 2023.
April 22