Eleven classes from three subprime second-lien issues of Soundview Home Loan Trust mortgage pass-through certificates have been downgraded by Fitch Ratings. Fitch also placed one class on Rating Watch Negative and affirmed the ratings on 16 other classes. The negative rating actions were based on deterioration in the relationship between credit enhancement and loss expectations, and "reflect continued poor loan performance and home price weakness," 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.
7h ago -
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.
7h ago -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
7h ago -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
8h ago -
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.
10h ago -
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.
11h ago