Homes in the Las Vegas area sold at the fastest pace for an April in seven years due, in large, to investor and cash buying...
Lender Flagstar Bancorp is reportedly considering the sale of $70 billion in mortgage servicing rights. Bloomberg reported on...
Fitch Ratings affirmed the ratings for classes A-8 and A-9 in the Mellon Residential Funding Corp. with both classes at ‘AAAsf’ with a “negative” outlook.
Previously, the transaction was downgraded on Dec. 5. The revised ratings reflect the financial guaranty provided by government-sponsored enterprise Freddie Mac.
Fitch resolved the Rating Watch status of various classes in the Prime, Alt-A, subprime and Re-REMIC residential mortgage-backed securitization sectors for the Dec. 5 transaction.
A committee of Fitch analysts reviewed all actions.
Don’t miss out: get HW delivered via email