Nine classes of GMAC Commercial Mortgage Securities Inc., series 2000-C3, mortgage pass-through certificates have been placed on review for possible downgrade by Moody's Investors Service.The affected classes are as follows: classes J, K, L, M, N, O, S-MAC1, S-MAC2, and S-MAC3. Moody's said it placed classes J, K, L, M, N and O on review for possible downgrade due to concerns about the pool's performance and potential losses associated with the specially serviced loans. Approximately 36.3% of the pool is on the master servicer's watchlist, and six loans totaling 1.2% of the pool are in special servicing, the rating agency said. Classes S-MAC1, S-MAC2 and S-MAC3 were placed on review due to concerns about the performance of the MacArthur Center Loan, which consists of a $97.3 million senior loan and a $42.3 million junior loan on a regional mall in Norfolk, Va. Moody's can be found online at http://www.moodys.com.
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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









