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.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
38m ago -
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
1h ago -
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18 -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
April 18 -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18