As servicer, Rocket Mortgage will not provide advances of delinquent principal and interest. Doing so runs the chance of intermittent cashflows to the trust.
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The 30-year fixed rate mortgage average rose 21 basis points this week, lagging other indicators, which are all now lower than seven days ago.
April 17
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The Federal Housing Administration has accelerated the timeline and will make the wait time for repeat home retention requests longer than originally planned.
April 16
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The regional bank is offloading a $1.9 billion student loan portfolio in order to focus on its relationships with existing customers, said CEO Bruce Van Saun.
April 16
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Credit portfolio managers continue to expect rising global corporate and consumer defaults and recession risk.
April 16
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The structure includes credit enhancement from overcollateralization representing 16.4% of the pool balance.
April 16
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Principal payments, will be repaid through three periods of a full turbo period, a non-turbo period and another full turbo period before an amortization trigger event.
April 15
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The deal has an extensive capital structure, which is expected to repay investors sequentially, with notes enhanced by subordination.
April 15
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A federal judge in Texas found that the Consumer Financial Protection Bureau had violated the CARD Act by barring banks from charging late fees for credit cards.
April 15
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Cross 2025-H3 has moderate leverage, according to KBRA, with a weighted average (WA) loan-to-value ratio of 72.3%, and a debt-to-income ratio of 33.5%.
April 14 -
Omeed Malik, who runs a merchant bank and a hedge fund, is a Republican donor and works with Republican-linked businessmen including Donald Trump Jr.
April 14
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The Buffalo, New York-based bank also said Monday that the commercial real estate lending market has started showing signs of life, but that the renewed competition is crimping its loan growth.
April 14
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The notes will get credit enhancement from balances on the subordinate bonds, which are permitted to amortize.
April 11
