Class L of Bear Stearns Commercial Mortgage Securities commercial mortgage pass-through certificates, series 1999-WF2, has been downgraded from CC to C by Fitch Ratings.Fitch also upgraded two classes from the deal and removed them from Rating Watch Positive, upgraded five other classes, and affirmed the ratings on six classes. The downgrade reflects Fitch's increased loss expectations on the specially serviced loans. Fitch can be found online at http://www.fitchratings.com.
Mortgage fintechs are attracting investor attention and dollars with agentic AI processes in new origination-focused platforms and assistants.
The portfolio for sale contains hundreds of millions of dollars worth of reperforming loans that the government-sponsored enterprise co-marketed with Citigroup.
The S&P Cotality Case-Shiller home price index rose 0.8% year over year in April, while U.S. Federal Housing's index climbed 2%. Both indexes declined monthly.
While the nationwide purchase average declined nearly 3% in 2025, these costs rose in 23 of 50 states and the District of Columbia, a study from LodeStar said.
Priority Financial Network CEO Marc Shenkman allegedly told a former employee to "keep his resume out there" because he planned to get Lendwise shut down.
Lisa Cook can keep her seat on the Federal Reserve Board thanks to the Supreme Court's procedural concerns. Deeper questions about the central bank might not come for years — if at all.
