Class B-8 of DLJ Commercial Mortgage Corp. commercial mortgage pass-through certificates, series 1999-CG1, has been placed on Rating Watch Negative by Fitch Ratings.The rating agency also affirmed the ratings on 13 other classes in the deal. The Rating Watch placement was attributed to concerns about expected losses on certain specially serviced loans that would lower the credit enhancement levels of the junior classes. Fitch said the largest such loan, the Holiday Inn New Orleans Veterans, is in foreclosure.
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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
44m ago -
Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
6h ago -
The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
7h ago -
Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
11h ago -
Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
April 23 -
Better's home equity loan product can be originated in a week or less, the company says.
April 23