Two classes of Morgan Stanley Capital I Inc. commercial mortgage pass-through certificates, series 1999-FNV1, have been downgraded by Fitch Ratings. Class K was downgraded from B to B-minus/DR1, and class L was downgraded from CCC/DR3 to CC/DR4. Fitch also affirmed the ratings on 10 other classes in the transaction. The rating agency said the deal contains two specially serviced assets.
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.
