Fitch has taken various rating actions on Citigroup Commercial Mortgage Trust, Series 2006-FL2, including placing on Rating Watch Negative two classes. Fitch placed on RWN the $2 million class RAM-1 and the $2.4 million class RAM-2, citing the "declining performance of the Radisson Ambassador Plaza Hotel and Casino" in San Juan, Puerto Rico, which failed to recover as expected after its occupancy and average daily rate were affected by renovation between October 2005 and May 2006. The rating agency also upgraded class MVP to AAA from BBB- and affirmed the ratings of several other classes.
-
Agency activity dropped off by 4% in September while non-qualified mortgage issuance was down 18% in the third quarter versus the prior period, BTIG said.
October 2 -
Developments like the downward swing in total jobs reported Friday, inflation and AI have made nonbank employment more complex and volatile this year.
October 2 -
Single-family mortgages originated with new scores have been put into private securitizations but these typically have been submitted alongside classic FICOs.
October 2 -
The collaboration comes after HUD issued several other updates earlier this year aimed at increasing affordability through loosened homebuilding policy.
October 2 -
Southeast impairments run 150 bps above other regions and alt-doc loans are up 200+ bps since 2025, while DSCR and full-doc improve. Time to review overlays.
October 2 -
Federal Reserve Gov. Lisa Cook said Thursday that private credit does not seem to pose additional risks to the financial system at the moment, but added that more information about the opaque market is needed.
October 1








