Two classes of Morgan Stanley Capital I Inc. commercial mortgage-backed securities pass-through certificates, series 1997-RR, have been downgraded by Fitch Ratings.Class G-1 was downgraded from B-minus to CC, and class G-2 was downgraded from B-minus to CCC. In addition, one class in the deal was upgraded and the ratings on four classes were affirmed. The downgrades were attributed to expected losses on the specially serviced loans in the underlying transactions. The certificates are secured by 40 subordinate commercial mortgage pass-through certificates from 21 separate securitizations. The underlying transactions were securitized from 1994-1997 by various issuers and are secured by a variety of property types.
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The Federal Housing Administration, the Department of Veterans Affairs and the Federal Housing Finance Agency have started gathering data and analyzing how climate risk will impact the housing ecosystem.
9h ago -
A special committee is exploring any possible structural "strategic alternatives," which would be aimed at increasing shareholder value, the real estate investment trust said.
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An insurance-indexed debt-to-income ratio could help mitigate borrowers' rising premiums, and help maintain a healthy servicing portfolio, experts said.
April 22 -
But the number of properties whose mortgage is more than 90 days late is at its lowest since 2006, ICE Mortgage Technology said.
April 22 -
Industry leaders expressed a high degree of satisfaction with technology in use, but also said a product's cost is the most important criteria for them when partnering with vendors, according to Fannie Mae research.
April 22 -
The top five loan officers produced an average of 628 loans in 2023.
April 22