Bear Stearns CMBS Class Downgraded

July 01, 2004, 2:00 p.m. EDT 1 Min Read

Class L of Bear Stearns Commercial Mortgage Securities Inc. commercial mortgage pass-through securities, series 2000-WF1, has been downgraded from B-minus to CCC by Fitch Ratings.In addition, five classes in the deal were upgraded and the ratings on nine other classes were affirmed, Fitch said. The reason for the downgrade is that losses are expected on loans now in special servicing, according to the rating agency. Fitch can be found online at http://www.fitchratings.com.

For reprint and licensing requests for this article, click here.

TRENDING

Politics and policy

Fed: Inflation, policy uncertainty are top financial stability concerns

According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.

By Ebrima Santos Sanneh

4h ago
Artificial intelligence

How a Tennessee credit union uses generative AI to foster fair lending

Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.

By Frank Gargano

6h ago
Ginnie Mae

Ginnie Mae President Alanna McCargo to retire

McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.

By Bonnie Sinnock

6h ago

MORE FROM NATIONAL MORTGAGE NEWS

Politics and policy

Fed: Inflation, policy uncertainty are top financial stability concerns

According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.

By Ebrima Santos Sanneh

4h ago
Artificial intelligence

How a Tennessee credit union uses generative AI to foster fair lending

Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.

By Frank Gargano

6h ago
Ginnie Mae

Ginnie Mae President Alanna McCargo to retire

McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.

By Bonnie Sinnock

6h ago
Secondary markets

Freddie Mac home-equity loan proposal gets pushback from SFA

The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.

By Bonnie Sinnock

8h ago
Earnings

Why PrimeLending remains challenged in near term

The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.

By Brad Finkelstein

9h ago
Climate change

Climate risk? "Urgent but manageable" industry stakeholders say

The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.

By Maria Volkova

April 18