Derivative Fitch announced a new service aimed at enhancing transparency in the US. structured finance CDO market. The product, CDO Portfolio View, will give institutions access to the same information analysts use in monitoring CDO portfolios -- which is particularly valuable in determining U.S. subprime RMBS exposures and risk factors like credit quality, the rating agency said. Information available includes data from trustee reports, the agency's VECTOR model inputs and the current Fitch rating and watch status for both the CDO and underlying assets where available. The product will also provide insight into Derivative Fitch's surveillance methodology, the rating agency added.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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There are two series, 2024-1 and 2024-2, that have revolving periods—three for the 2024-1 and five for the 2024-2—during which noteholders will not receive any principal.
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The trust employs a 24-month revolving period. There is an increased risk that collateral quality could deteriorate as the transaction evolves with new collateral.
March 27 - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
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Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
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Aside from the cash flow stabilization, another credit positive to the deal, TAH Operations is property manager to the portfolio, and has strong processes and controls.
March 27