Two classes of J.P. Morgan Commercial Mortgage Finance Corp.'s mortgage pass-through certificates, series 1998-C6, have been downgraded by Fitch Ratings.Class G was downgraded from B-minus to CCC and removed from Rating Watch Negative, and class H was downgraded from CCC to CC. Fitch also upgraded one class in the deal, affirmed the ratings on six other classes, and affirmed the rating on a seventh, class F, and removed it from Rating Watch Negative. The rating agency attributed the downgrades to expected losses on three specially serviced loans: a hotel in Honolulu, a hotel in San Mateo, Calif., and an industrial property in Dallas.
-
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2









