Class M-5 of CBA Commercial Assets LLC small-balance series 2006-2 has been downgraded from B to B-minus by Fitch Ratings. Fitch also placed class M-4 on Rating Watch Negative and affirmed the ratings on five other classes in the transaction. The negative rating actions were attributed to higher loss expectations and an increase in the number of specially serviced loans since Fitch's last rating action.
ICE announced Wednesday the launch of Residential Whole Loan Evaluations, which extends its evaluated pricing process to individual, unsecuritized loans.
The rare critique co-filed by an industry trade group suggests mandatory detention of noncitizens is contributing to a slowdown in new home construction.
A memo from Fannie Mae and Freddie Mac has separate links for each company's form to ask for the policy exception for compliance with the Nov. 2 deadline.
The Federal Reserve Office of the Inspector General issued its much-anticipated report on the ongoing renovations at the central bank's Washington, D.C., headquarters and found no criminal wrongdoing.
Better must formally accept the proxy results, which would move forward the founder's plan to reshape the board of directors and tap a new interim CEO.
Nearly 21% of the homes for sale were reduced in price during September, the highest for the month on record, while inventory grew over 5%, Realtor.com noted.
