Three classes of DLJ Commercial Mortgage Trust commercial mortgage pass-through certificates, series 2000-CKP1, have been downgraded by Moody's Investors Service.The downgrades were as follows: class B-5, from B3 to Caa2; class B-6, from Caa1 to Caa3; and class B-7, from Caa3 to C. In addition, Moody's upgraded four classes and affirmed the ratings on six other classes in the deal. The downgrades were attributed to realized and expected losses from five specially serviced loans. The certificates are collateralized by 211 mortgage loans ranging in size from less than 1.0% to 7.6% of the pool, which consists of three shadow-rated loans representing 13.9% of the pool and a conduit component representing 86.1%, the rating agency reported. The pool collateral is a mix of retail (28.2%), office (28.0%), multifamily (19.2%), U.S. Government securities (14.9%), and other property types located in 40 states and Washington, D.C.
-
The Federal Housing Administration, the Department of Veterans Affairs and the Federal Housing Finance Agency have started gathering data and analyzing how climate risk will impact the housing ecosystem.
9h ago -
A special committee is exploring any possible structural "strategic alternatives," which would be aimed at increasing shareholder value, the real estate investment trust said.
11h ago -
An insurance-indexed debt-to-income ratio could help mitigate borrowers' rising premiums, and help maintain a healthy servicing portfolio, experts said.
April 22 -
But the number of properties whose mortgage is more than 90 days late is at its lowest since 2006, ICE Mortgage Technology said.
April 22 -
Industry leaders expressed a high degree of satisfaction with technology in use, but also said a product's cost is the most important criteria for them when partnering with vendors, according to Fannie Mae research.
April 22 -
The top five loan officers produced an average of 628 loans in 2023.
April 22