SYDNEY, December 01 Fitch Ratings has upgraded four and affirmed 33 tranches from 14 Medallion Trust Series RMBS transactions. The transactions are securitisations of first-ranking Australian residential mortgages originated by Commonwealth Bank of Australia and Homepath Limited, CBA's wholly owned subsidiary that originates home loans online. Foreclosure News
Link to Fitch Ratings' Report: Illawarra Series 2017-1 RMBS Trust here SYDNEY, May 14 Fitch Ratings has assigned expected ratings to Illawarra Series 2017-1 RMBS Trust's mortgage-backed floating-rate notes. The issuance consists of notes backed by Australian residential mortgages originated by IMB Ltd. The ratings are as follows: AUD276.00 million Class A notes: 'AAA sf'; […]
Link to Fitch Ratings' Report: Fitch Takes Rating Actions on Paragon RMBS Series here LONDON, March 17 Fitch Ratings has upgraded 7 tranches, downgraded 5 tranches and 4 currency swap obligations and affirmed 61 tranches and 4 currency swap obligations of the Paragon RMBS series. A full list of rating actions is available at www.fitchratings.com […]
Invictus Capital Partners, a nonprime mortgage lender based in Washington, D.C., is making its debut in the securitization market. The $ 145 million Verus Securitization Trust 2017-1 has credit ratings from two firms: Morningstar and Kroll Bond Rating Agency. Foreclosure News
Class A-1 from Mortgage Fund IVc Trust 2015-RN1 received the remainder of its unpaid principal balance with the August 2016 distribution. The transaction closed in October 2015, with a $ 35 million class A-1 rated 'Asf' by Fitch. Foreclosure News
The servicer rating affirmations and Stable Rating Outlook reflect SPS' parent company relationship, industry experience, its strong management and infrastructure, and its enhanced corporate governance structure and procedures. SPS has been servicing residential loans for more than 27 years and RMBS transactions for 16 years. Foreclosure News