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More Downgrades Using New Method.(Brief article)
NEW YORK -- One hundred fifty classes of subprime residential mortgage-backed securities with outstanding balances totaling $2.4 billion were downgraded by Fitch Ratings on Aug. 1.
Fitch also affirmed the ratings on 232 classes with outstanding balances of $20 billion.
The rating agency said the actions reflect changes in surveillance methodology for 2005 and 2006 vintage loans "designed to capture the rapid deterioration of subprime mortgage performance."
Among the downgrades were 78 classes from 11 issues of SABR mortgage pass-through certificates, 34 classes from five issues of Credit Suisse First Boston Home Equity Asset Trust mortgage ...
- Rating Agency: CDO Servicers Face Challenging Times.
- News wire article from: Mortgage Line June 6, 2007 700+ words
NEW YORK -- Rating agency Standard & Poor...environment, the rating agency said. CDOs often contain...for servicers. The rating agency noted that efforts...c) 2007 Mortgage Servicing News and SourceMedia, Inc...
- Rating Agency: CDO Growth Poses Challenges for Loan Servicers.
- News wire article from: Mortgage Line Cornwell, Ted March 5, 2007 700+ words
NEW YORK -- Rating agency Standard & Poor...environment, the rating agency said. CDOs often contain...for servicers. The rating agency noted that efforts...c) 2007 Mortgage Servicing News and SourceMedia, Inc...
- Rating Agency Downgrades Accredited.
- News wire article from: Mortgage Line June 18, 2007 700+ words
...management of early payment defaults, Fitch said. The rating agency noted that Accredited has also expanded its offshore outsourcing...6 billion as of the end of January. (c) 2007 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http...
- Rating Agency Turns Cautious.
- Magazine article from: Mortgage Servicing News Dymi, Amilda March 1, 2007 700+ words
...underwriting, layered risks, macroeconomic conditions, origination fraud and government regulation." (c) 2007 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com http://www.sourcemedia...
- Irwin Unloads $19B of MSRs.(Irwin Mortgage)(Mortgage Servicing...
- Magazine article from: Mortgage Servicing News Muolo, Paul November 1, 2006 700+ words
...portfolio, investment banking sources have told Mortgage Servicing News. The sale was made public in early October but the parties...effectively within another organization." (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http...
- Servicing Deals Are Heating Up.(Mortgage Servicing News )
- Magazine article from: Mortgage Servicing News February 1, 2005 700+ words
...bulk" market for residential servicing rights is finally showing some signs of life. But will it last? As Mortgage Servicing News went to press, General Electric had finally unloaded the last chunk of its residential servicing portfolio, selling about...
- Equipment Maintenance & Servicing.(News Briefs)
- Magazine article from: Bank Systems + Technology January 1, 1998 700+ words
ATM De La Rue Cash Systems 308 29th St. NE, Cedar Rapids, IA 52402; Contact: Gary Mroz, Sr. V.P. Field Operations 319/369-5000, Fax: 319/366-7608 De La Rue Cash Systems De La Rue is the world's leading cash to cards group involved in the production of over 150 national currencies and a wide range
- Cenlar Tackles HomeSaver Servicing.(News)
- Magazine article from: National Mortgage News July 13, 2009 700+ words
TRENTON, NJ-Fannie Mae has hired Cenlar, a Trenton, N.J., thrift, to service all newly written unsecured loans made under the government-sponsored enterprise's HomeSaver Advance program beginning Friday. Fannie has been using Dyck O'Neal Inc., an Arlington, Tex., collection agency, to service the
Source: HighBeam Research, More Downgrades Using New Method.(Brief article)