Three classes of Structured Asset Securities Corp. series 2003-AL1 mortgage pass-through certificates have been downgraded by Fitch Ratings.The downgrades were as follows: class B3, from BBB to BBB-minus; class B4, from BB to B (and placed on Rating Watch Negative); and class B5, from B to B-minus/DR1 (and removed from Rating Watch Negative). Fitch said the negative rating actions were based on deterioration in the relationship between credit enhancement and expected losses.
eXp World Holdings, the parent company of eXp Realty, and Kind Lending ended their mortgage joint venture, Success Lending, it was reported Wednesday.
The U.S. economy added 162,000 jobs in August, bouncing back from a surprise decline in July. The Fed's next interest rate decision will still hinge on next week's inflation reading.
As UAD 3.6's Nov. 2 mandate shrinks an aging appraiser pool, AnnieMac and Lower lean on AUS waivers and in-house teams to dodge 2022-style fee spikes and turn-time delays.
Mega investors, the smallest segment of non-owner occupied single family homebuyers, were responsible for one-quarter of the unit drop in second quarter sales.
The company will begin direct-lending operations in its home state of California, before expanding across the U.S. over coming quarters, its executives said.
Developments at Freddie Mac, Fannie Mae and factory-built housing innovator Boxabl point to some expanded ways to make mortgages or HELOCs.
