Class H of Morgan Stanley Capital I Inc. commercial mortgage pass-through certificates, series 1998-XL, has been downgraded from BBB-minus to BB-minus by Fitch Ratings and placed on Rating Watch Negative. Fitch also affirmed the ratings on five other classes in the deal. The downgrade was attributed to an increase in expected losses from a real-estate-owned asset, the Charlestowne Mall in St. Charles, Ill.
Higher mortgage rates and affordability pressure prompts Fitch Rating's revision from 'neutral' to 'deteriorating'
A California appellate court reversed a lower court's dismissal of a lawsuit over CrossCountry's alleged 2021 raiding of a Seattle-area branch.
HUD said its Office of Fair Housing and Equal Opportunity has reduced a Biden administration case backlog by 27% and accelerated investigations.
Bill Greenberg and Mat Ishbia held a video chat on June 11. The companies disputed the outcome, but in the end, UWM did not make a new proposal for Two Harbors.
Third-party originators support tightening some standards but say greater flexibility and coordination could help the market avoid disruption.
But moderating price growth and friendly building policies in many markets hint at emerging affordability for aspiring buyers, Zillow said.
