Three classes of Credit Suisse First Boston Mortgage Securities Corp.'s multifamily mortgage pass-through certificates, series 2002-TFL1, have been placed on Rating Watch Negative by Fitch Ratings.The affected classes are: classes E, F-WBC, and G-WBC. Fitch said the negative rating actions stemmed from the deteriorating performance of the Williamsburg and the Commons loan, which represents 12.7% of the pool and is secured by two apartment complexes in Cincinnati. The loan matures Nov. 11, and "will not meet the extension criteria," Fitch said.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2









