Class M-5 of CBA Commercial Mortgage Pass-Through Certificates series 2006-1 has been downgraded from Ba2 to B1 by Moody's Investors Service and placed on review for possible further downgrade. Moody's also placed classes M-2, M-3, and M-4 on review for possible downgrade and affirmed the ratings on three other classes in the transaction. The certificates are collateralized by 239 mortgage loans. The downgrade was attributed to the high percentage of loans (13.1%) in special servicing and projected losses from those loans.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
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The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
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Equity is entitled to a little over $70,000 worth of damages.
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Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
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Deferrals are up but still haven't outpaced loan modifications in conservatorship-era foreclosure prevention, according to the Federal Housing Finance Agency.
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