Latest news with #Mortgage
Yahoo
22-05-2025
- Business
- Yahoo
KBRA Assigns Ratings to Finance of America Structured Securities Trust, Series 2025-PC2 (FASST 2025-PC2)
NEW YORK, May 22, 2025--(BUSINESS WIRE)--KBRA assigns ratings to two classes of mortgage-backed notes from FASST 2025-PC2, a $215.1 million reverse mortgage transaction. The transaction collateral is comprised of seasoned jumbo "proprietary" reverse mortgage loans that were called from two previous securitization transactions sponsored by Finance of America Reverse LLC, proprietary reverse mortgage loans that were recently originated and additional participation interests that were not previously securitized. The weighted average loan age of the pool is 38 months through the cut-off date. To access ratings and relevant documents, click here. Click here to view the report. Recent Publication FASST 2025-PC2 Tear Sheet Methodologies RMBS: Reverse Mortgage Securitisation Global Rating Methodology Structured Finance: Global Structured Finance Counterparty Methodology ESG Global Rating Methodology Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1009540 View source version on Contacts Analytical Contacts Edward Tamiso, Senior Director (Lead Analyst)+1 Liam Vauk, Associate+1 Edward DeVito, Senior Managing Director (Rating Committee Chair)+1 Business Development Contact Daniel Stallone, Managing Director+1 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
KBRA Assigns Ratings to Finance of America Structured Securities Trust, Series 2025-PC2 (FASST 2025-PC2)
NEW YORK, May 22, 2025--(BUSINESS WIRE)--KBRA assigns ratings to two classes of mortgage-backed notes from FASST 2025-PC2, a $215.1 million reverse mortgage transaction. The transaction collateral is comprised of seasoned jumbo "proprietary" reverse mortgage loans that were called from two previous securitization transactions sponsored by Finance of America Reverse LLC, proprietary reverse mortgage loans that were recently originated and additional participation interests that were not previously securitized. The weighted average loan age of the pool is 38 months through the cut-off date. To access ratings and relevant documents, click here. Click here to view the report. Recent Publication FASST 2025-PC2 Tear Sheet Methodologies RMBS: Reverse Mortgage Securitisation Global Rating Methodology Structured Finance: Global Structured Finance Counterparty Methodology ESG Global Rating Methodology Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1009540 View source version on Contacts Analytical Contacts Edward Tamiso, Senior Director (Lead Analyst)+1 Liam Vauk, Associate+1 Edward DeVito, Senior Managing Director (Rating Committee Chair)+1 Business Development Contact Daniel Stallone, Managing Director+1
Business Wire
19-05-2025
- Business
- Business Wire
FICS' 38th Annual Users' Conference Showcases Innovation and Resilience in Mortgage Industry
DALLAS--(BUSINESS WIRE)--Financial Industry Computer Systems, Inc. (FICS ®), a leading provider of mortgage loan origination software, residential servicing software, and commercial servicing software, recently hosted its 38th Annual Users' Conference in Dallas. Over 270 participants attended the April 9-11 conference. 'The User's Conference was such an exciting experience!' said Sandra Reddick, Investor Reporting Manager for Essex Mortgage. 'To be able to take that dynamic in have the ability to ask questions in real-time was invaluable." During the conference, FICS' customers attended educational sessions focused on the newest ways to optimize FICS software, regulatory updates, and evolving best practices in the mortgage origination and servicing industry. The sessions provided valuable insights into leveraging technology to navigate today's complex mortgage landscape. Attendees heard from QIE Partners' executive vice president on best practices for GSE investor reporting and reconciliations and Wescom Resources' president on the advantages of cloud hosting. In her keynote speech, Susan Graham, president and COO of FICS, emphasized the importance of resilience in the mortgage industry. "In today's mortgage industry, one quality has proven indispensable: resilience. Each of you has demonstrated remarkable adaptability in the face of evolving market conditions, changing regulations, and rising customer expectations. Your ability to not just survive but thrive in this environment is truly commendable," Graham said. "This past year has reinforced an important truth: resilience isn't just about weathering storms—it's about building stronger foundations during challenging times. At FICS, we believe technology is a powerful tool for building that resilience. Our focus has been on developing solutions that enhance your operational efficiency, automate routine tasks, and provide deeper insights into your data." Attendees participated in live demonstrations of new product features and enhancements. Special sessions featured comprehensive overviews of the system functionality in Loan Producer®, Commercial Servicer® and Mortgage Servicer®. FICS® employees and customers shared best practices via roundtables, open forums, and informal conversations. 'The User's Conference was such an exciting experience! We brought our servicing in-house two years ago and have worked closely with FICS on our overall setup and use of the system,' said Sandra Reddick, Investor Reporting Manager for Essex Mortgage. 'To be able to take that dynamic in person, to further build on those relationships, and be able to preview new technology, demo enhancements to the system, and have the ability to ask questions in real-time was invaluable. From the team sessions to the dinners and dueling pianos, we had such an amazing time and made several key connections!' The 2026 Users' Conference will be held April 8 th – 10 th in Dallas. About FICS® FICS® (Financial Industry Computer Systems, Inc.) is a leading mortgage software company specializing in flexible, cost-effective, in-house mortgage loan origination, residential mortgage servicing, and commercial mortgage servicing software for mortgage lenders, housing agencies, banks, and credit unions. FICS' software solutions provide customers the flexibility to choose an in-house or cloud hosting solution. The company also provides innovative document management, API, and web-based capabilities in its full suite of products. Visit for more information about our exceptional mortgage software solutions.
Times
08-05-2025
- Business
- Times
What does the interest rate cut mean for your mortgage?
The Bank of England cut interest rates from 4.5 per cent to 4.25 per cent today, the fourth cut since August amid a mix of worries about Donald Trump's global trade tariffs and positive news on inflation. Rate setters at the Bank's Monetary Policy Committee voted five-to-four to cut the base rate to its lowest level since March the four who were against the 0.25 percentage point cut, two wanted the Bank to go further and slash the base rate to 4 per cent, while the others wanted to keep it at 4.5 per cent. But while homeowners on variable deals and those looking to remortgage or buy will feel the benefit as mortgage rates are likely to fall, savers will be worse off.
Daily Record
07-05-2025
- Business
- Daily Record
Taylor Wimpey to host First Time Buyer event in Winchburgh
Buyers who reserve selected new homes by June 30 will also receive £2,500 worth of flooring for their new home. Prospective first-time buyers who want to take their first step on the property ladder, can make their move at a First Time Buyer event at Taylor Wimpey's Seton Rise development in Winchburgh later this month. With an independent mortgage specialist available to provide free advice from 11am to 4pm on Saturday, May 24, and access to helpful ways to get buyers on the move, such as Taylor Wimpey's Deposit Paid or Mortgage Contribution schemes – it's an ideal time for first-time buyers to explore how easy getting on the property ladder is. Prospective buyers can also be inspired by the impressive show homes at the development. Buyers who reserve selected new homes by June 30 will also receive £2,500 worth of flooring for their new home. The local sales executive will also be on hand to discuss the properties available for sale at the development, including an impressive choice of two and three-bedroom homes that are perfect for taking the first step onto the property ladder. Kirsty McGill, Sales and Marketing Director for Taylor Wimpey East Scotland, said: 'Our First Time Buyer event at Seton Rise is designed to give buyers starting their property journey all the information they need to take that first step onto the property ladder confidently. 'Our team at Seton Rise is on hand to provide advice and assistance to make buyers' property journey easy and stress-free. 'Our Independent Mortgage Specialists can also chat through the range of mortgages that best suit their circumstances and the steps of securing a mortgage, allowing buyers to make informed decisions. 'With an impressive choice of two and three bedroom homes available that included kitchen appliances, it is also a great time to find out ways in which we can help first-time buyers, including our deposit paid or mortgage contribution schemes, which offer help to buyers who need a financial boost to make their move a reality.' To stay updated about the range of new homes available at Seton Rise and the First Time Buyer event, visit
