Fitch Ratings has also downgraded class N of J.P. Morgan Chase Commercial Mortgage Securities Corp.'s mortgage pass-through certificates, series 2001-C1, from B-minus to CCC.Fitch also affirmed the ratings on 18 other Fitch-rated classes in the deal. The rating agency attributed the downgrade to anticipated losses of approximately $9 million on two specially serviced loans that would erode the credit enhancement of class N.
The fintech's Figure Connect private credit loan exchange has grown to account for 56% of total consumer marketplace activity in early 2026.
However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.
President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.
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.
Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
