Two classes from GMAC Commercial Mortgage Securities Inc. series 1998-C2 have been downgraded by Fitch Ratings. Class L was downgraded from B-minus to CCC/DR1, and class M was downgraded from CC/DR5 to C/DR6. Fitch also affirmed the ratings on 11 other classes in the deal. The downgrades were based on an increase in specially serviced assets and loss expectations, the rating agency said.
The Housing for the 21st Century Act includes provisions covering policy, manufactured homes and rural infrastructure introduced in a prior Senate proposal.
Mortgage loan officer licensing saw its first rise since 2022 as Fannie Mae projects $2.4T in 2026 volume. Experts eye a market reset amid improving affordability.
The FHFA chief told Fox an offering could be done near term - but may not be - while a Treasury official addressed conservatorship questions at an FSOC hearing.
The secondary market regulator will formally publish its own rule on Feb. 6, after a comment period and without making changes to what it proposed in July.
Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes.
The mortgage technology unit at Intercontinental Exchange posted a profit for the third straight quarter, even as lower minimums among renewals capped growth.
