Classes B-2TB and B-3TB of DLJ Mortgage Acceptance Corp. commercial mortgage pass-through certificates, series 1997-CF2, are being reviewed for possible downgrade by Moody's Investors Service.Moody's said the transaction's aggregate principal balance had decreased to $536.1 million as of Sept. 15 from $661.9 million at closing, a decline of about 19%. Twelve loans, representing approximately 17.1% of the pool balance, are in special servicing, the rating agency said. Moody's can be found online at http://www.moodys.com.
-
Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
July 7 -
The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.
July 7 -
The Department of Housing and Urban Development agreed to do more to manage due-and-payable obligations contingent on the availability of certain resources.
July 7 -
The ex-housing official is returning to a previous employer with the aim of helping guide the firm through an evolving landscape in federal policy.
July 7 -
A $160 million deal to merge Hometown Financial Group subsidiaries and Primary Bank will lead to consolidation under a single brand name of TruNorth.
July 7 -
The Aspire business reported $2.1 billion of lock volume, up 32% from the first quarter, but total production at the REIT fell to $8 billion from $8.5 billion.
July 7









