Fitch Ratings has downgraded 10 commercial mortgage-backed securities transactions to D, indicating the bonds have suffered principal writedowns.
All of the bonds previously had speculative grade ratings ranging from as high as B- to as low as C, suggesting they were prone to default.
Fitch also assigned its top recovery rating of RR1 to one of the classes affected, class N of BAMC 2005-1.
A new EquityProtect scorecard finds 16 states have no deed fraud laws, leaving homeowners vulnerable as real estate fraud losses topped $275 million in 2025, with seniors bearing the heaviest financial burden.
Some litigants are "knuckleheads" but others are real threats, and well-pleaded cases can easily cost companies millions of dollars, TCPA attorney Eric Troutman said.
About 43% of Americans upgraded their homes last year, and 33% plan to remodel in the next year, according to a recent survey from Redfin.
Sun Belt states saw a noticeable surge in liens filed last year, with Florida accounting for 17% of the national total, according to Benutech.
CEO Tim Spence said folding in the acquired bank has gone to plan so far, but the biggest point of risk is still on the horizon.
Surge, which claims to serve some of the nation's larger wholesale players, said the lender's behavior was reminiscent of its spat with Black Knight.