Eleven classes of Wells Fargo Asset Securities Corp. mortgage pass-through certificates have been downgraded by Fitch Ratings, and 30 classes have been placed on Rating Watch Negative.Fitch also affirmed the ratings on 324 classes from 54 Wells Fargo transactions. The negative rating actions reflect deterioration in the relationship between credit enhancement and expected losses, Fitch said. The collateral for the deals consists of fixed- and adjustable-rate prime mortgage loans. Fitch can be found on the Web at http://www.fitchratings.com.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
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The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
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Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27