Class L of Bear Stearns commercial mortgage pass-through certificate series 2004-BBA3 has been placed on Rating Watch Negative by Fitch Ratings. The rating action stems from the forthcoming (Nov. 12) maturity of the transaction's remaining loan, Riverside Center, which has no remaining extension options, Fitch said. The Riverside Center is secured by a retail shopping center in Utica, N.Y.
Higher mortgage rates and affordability pressure prompts Fitch Rating's revision from 'neutral' to 'deteriorating'
A California appellate court reversed a lower court's dismissal of a lawsuit over CrossCountry's alleged 2021 raiding of a Seattle-area branch.
HUD said its Office of Fair Housing and Equal Opportunity has reduced a Biden administration case backlog by 27% and accelerated investigations.
Bill Greenberg and Mat Ishbia held a video chat on June 11. The companies disputed the outcome, but in the end, UWM did not make a new proposal for Two Harbors.
Third-party originators support tightening some standards but say greater flexibility and coordination could help the market avoid disruption.
But moderating price growth and friendly building policies in many markets hint at emerging affordability for aspiring buyers, Zillow said.
