Two classes of Morgan Stanley Dean Witter Capital I Trust commercial mortgage-backed securities, series 2001-TOP1, have been downgraded by Fitch Ratings.Class J was downgraded from B-minus to CCC, and class K was downgraded from CCC to C. In addition, the rating on class F was affirmed and removed from Rating Watch Negative, and the ratings on 13 other classes were also affirmed. Fitch attributed the downgrades to expected losses on four specially serviced loans secured by an office property in San Jose, Calif.; a multifamily property in Marietta, Ga.; an industrial property in Lafayette, Colo.; and an office property in Robinson Township, Pa. The rating agency can be found online at http://www.fitchratings.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25