Six classes of Credit Suisse First Boston Mortgage Securities Corp. commercial mortgage pass-through certificates, series 2002-TFL1, have been downgraded by Fitch Ratings.The downgrades were as follows: class E, from A-minus to BBB-minus; class F-ABP, from BBB-plus to BBB-minus; class G-ABP, from BBB-minus to BB-plus; class H-ABP, from BBB-plus to B-plus; class F-WBC, from BB-plus to B-plus; and class G-WBC, from BB-minus to B-minus. Classes E, F-WBC, and G-WBC were removed from Rating Watch Negative. In addition, Fitch placed three classes on Rating Watch Evolving and affirmed the ratings on eight other classes in the transaction. The downgrades were attributed to the pool's declining performance since issuance.
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The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
September 12 -
Lenders may not be able to fully respond to the broader government-sponsored enterprises' rollout of VantageScore 4.0 yet but there is one thing they can do now.
September 11 -
Sellers are easing demands as rates hit 15-month highs, giving buyers leverage. Originators: target sideline buyers before next week's Fed hike lifts rates further.
September 11 -
The decrease in jumbo availability accounted for much of the drop in the latest mortgage credit index, as conforming and government offerings were unchanged.
September 11 -
The consumer price index rose 0.4% last month, in line with July's reading. For a monetary policy committee that has been split on inflation, the inconclusive report will compel the Fed to make a call on whether to raise interest rates or stay put.
September 11 -
Abacus Federal Savings Bank in Chinatown scrambled to reopen in the days following the World Trade Center attacks. The exercise resulted in the bank's first disaster-recovery plan.
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