Rating agencies and others are secondary market participants increasingly looking more closely at how to handle modernized credit scores for residential mortgage-backed securities now that government-related agencies have committed to the metrics. Processing Content Morningstar DBRS and Standard & Poor’s have joined KBRA in analysis and proposed conversion of VantageScore 4.0 into classic FICO, while […]

A New Jersey bank wants millions of dollars from a lender, which allegedly misused its warehouse line of credit to fund ineligible loans and sell those properties to its own employees.  Processing Content Provident Bank sued Maryland-based My Mortgage for fraud this week in a New Jersey federal court, seeking at least $9 million for