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While FOA faces tangible equity erosion and continuous covenant breaches, peers like Rocket and United Wholesale Mortgage showcase resilience.
U.S. debt five times higher than it was after 2011 downgrade.
It’s guilt by association because U.S. government rating was dropped.
Ratings service says they are well-positioned to handle liquidity and funding challenges.
Ties credit rating to outcome of U.S. debt limit negotiations.
BRAVO Residential Funding Trust 2023-NQM3 is supported by 674 loans with a balance of $302 million.
