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.
-
The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
16m ago -
While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.
7h ago -
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
8h ago -
Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
April 23 -
The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
April 23 -
Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
April 23