Class M of JP Morgan Commercial Mortgage Finance Corp.'s commercial mortgage pass-through certificates, series 2000-C10, has been downgraded from CC/DR4 to C/DR5 by Fitch Ratings.Fitch also upgraded three classes and affirmed the ratings on nine other classes in the deal. The rating agency attributed the downgrade to actual and expected losses from a specially serviced loan collateralized by a 162-unit manufactured housing community in Yuma, Ariz.
-
In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
1h ago -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27 -
Deferrals are up but still haven't outpaced loan modifications in conservatorship-era foreclosure prevention, according to the Federal Housing Finance Agency.
March 27