Classes K, L, and M of Morgan Stanley Dean Witter Capital I Inc. commercial mortgage pass-through certificates, series 2001-Top 1, have been placed on Rating Watch Negative by Fitch Ratings.The actions were attributed to the recent transfer of the third-largest loan into special servicing and an increase in Fitch's loss expectations for loans in special servicing. The third-largest loan (4.21%), on an office property in San Jose, Calif., transferred to the special servicer in February due to monetary default, the rating agency said. Two other delinquent loans are in special servicing and there are two real estate owned properties. "The classes will remain on Rating Watch Negative until the disposition plan of the third-largest loan is known or losses become imminent from the sale of the REO properties," Fitch said.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
8h ago -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
8h ago -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
8h ago -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
10h ago -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25