While lenders have come out with more products for the spring season, rate lock data finds buyers still hesitant to act because of high mortgage rates.
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DBRS noted that about 90.5% of the 4,011 loans receive payment through Automated Clearing House, which boosts payment capture rates and minimizes cash handling.
June 10 -
Michelle Bowman has officially taken the reins as the Federal Reserve's top regulatory official, giving her the ability to advance policy proposals.
June 9 -
TALNT 2025-1's notes benefit from initial hard credit enhancement that totals 6.33% of the note balance.
June 9 -
The Federal Deposit Insurance Corp. has sent a draft proposal to revise the supplemental leverage ratio to the Office of Information and Regulatory Affairs as a first step toward revising the leverage rule.
June 9 -
Credit support to the bonds range from 28.48% to 32.30%. They provide coverage of about 3.0x-3.4x of its base-case net loss in the 'A' stressed, break-even cash flow scenarios.
June 6
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The Consumer Financial Protection Bureau pinpointed five rules that it wants the White House budget office to review. Details, however, are sparse.
June 6 -
All the senior notes—including A1, rated P1 and A2 through A4, rated Aaa—benefit from total initial hard credit enhancement equaling 4.80% of the pool balance.
June 6 -
The U.S. economy added 139,000 jobs, a healthy clip that counters the president's calls for a rate cut to bolster the labor market.
June 6 -
Loans with alternative documentation and high combined loan-to-value ratios had more performance concerns, according to a new KBRA study.
June 6 -
The vehicles comprise the overcollateralization (OC), because of a highly liquid secondary market for them. That OC rate will shift according to the fleet mix.
June 5 -
Even with the four basis-point drop, the 30-year fixed rate mortgage remained at levels last seen in February as the Spring homebuying season reaches its climax.
June 5 -
At the Denver firm, Brooks will expand its capabilities in real estate lending and structured finance.
June 5