Moody's Investors Service has downgraded the ratings of two classes of Commercial Mortgage Asset Trust, Series 1999-C2 and upgraded the ratings of four classes in that deal.Moody's downgraded the rating of classes M and N to Caa1 from B3 and to Ca from Caa2, respectively, and upgraded the ratings of classes D (to Aaa from Aa1), E (to Aa3 from A1), F (to A2 from A3) and G (to Baa2 from Baa3). Other ratings in the deal were affirmed.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
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