Five classes of GE Mortgage Capital Commercial Mortgage Corp.'s commercial mortgage pass-through certificates, series 2000-1, have been downgraded by Fitch Ratings.The downgrades were as follows: class H, from BB-minus to B-plus; class I, from B-plus to B; class J, from B-minus to CCC; class K, from CC to C; and class L, from C to D. In addition, Fitch affirmed the ratings on nine other classes in the deal. Fitch attributed the downgrades to "the imminent loss on one loan and the expected losses on several specially serviced loans." Fitch can be found online at http://www.fitchratings.com.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2









