The rating on class D of Salomon Brothers commercial mortgage pass-through certificates, series 2001-MM, has been placed on Rating Watch Negative by Fitch Ratings.In addition, one other class in the same deal was upgraded, and the ratings on five other classes were affirmed. The rating agency said the Rating Watch placement was chiefly due to a "significant decline" in the performance of the Cabana Crowne Plaza loan, which is collateralized by a full-service hotel in Palo Alto, Calif. Fitch can be found online at http://www.fitchratings.com.
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Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.
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Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
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The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.
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The Department of Housing and Urban Development agreed to do more to manage due-and-payable obligations contingent on the availability of certain resources.
July 7 -
The ex-housing official is returning to a previous employer with the aim of helping guide the firm through an evolving landscape in federal policy.
July 7 -
A $160 million deal to merge Hometown Financial Group subsidiaries and Primary Bank will lead to consolidation under a single brand name of TruNorth.
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