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.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry