Four classes of GMAC Commercial Mortgage Securities Inc.'s commercial mortgage pass-through certificates, series 1998-C1, have been downgraded by Fitch Ratings.The downgrades were as follows: class H, from BB-plus to BB-minus; class J, from BB-minus to B; class K, from B-minus to CCC/DR3 (and removed from Rating Watch Evolving); and class L, from CCC/DR2 to C/DR6. The ratings on eight other classes in the deal were affirmed. The rating agency attributed the downgrades to expected losses from the deal's specially serviced Senior Living Properties loan, whose remaining collateral is 48 health care properties in Texas.
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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.
April 25 -
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.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
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