Morgan CMBS Pass-Throughs Downgraded

Published May 16, 2008, 1:00 p.m. EDT

1 Min Read

Two classes of Morgan Stanley Capital I Trust commercial mortgage pass-through certificates, series 2006-IQ12, have been downgraded by Fitch Ratings. Class M was downgraded from BB to BB-, and class N was downgraded from BB- to B. Fitch also affirmed the ratings on 23 other classes in the transaction. The downgrades were attributed to loss expectations on three specially serviced loans: two on separate multifamily properties in Memphis and a third on a multifamily property in Chicago.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM NATIONAL MORTGAGE NEWS

AB - Policy & Regulation

Appeals court sides with CFPB's union, blocks job cuts

The D.C. Circuit Court of Appeals halted the Trump administration's attempt to fire nearly two-thirds of the Consumer Financial Protection Bureau's workforce, upholding a March 2025 injunction.

By Kate Berry
Reporter

8h ago
Artificial Intelligence

'Stop prompting, start delegating': Anthropic exec to banks

Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.

By Jasmine Ni

June 19
Multifamily

Commercial and multifamily mortgages cross $5 trillion outstanding

The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.

By Donna M. Mitchell
Editor

June 18
Law and regulation

FDIC floats counting discount window borrowing toward liquidity

Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.

By Jasmine Ni

June 18
Mortgage fraud

CertifID adds operational scope with CloseSimple acquisition

The merger will bolster existing safeguards against AI threats, while providing a tool that should appeal to young homebuyers, leaders of the companies said.

By Spencer Lee
Technology Reporter

June 18
Industry News

Flagstar CEO recalls tough decisions to 'right the ship'

At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.

By Nathan Place
National Reporter

June 18

Load More