Class F of RMF's commercial mortgage pass-through certificates, series 1995-1, has been downgraded from C to D by Fitch Ratings.In addition, the ratings on four classes in the transaction were affirmed. The downgrade was attributed to losses incurred after the liquidation of a portion of the pool. Fitch said it does not expect the principal loss to class F to be recovered. The rating agency said it "remains concerned with the concentrations within the pool and a high percentage of specially serviced loans." Only five loans remain, all of which are secured by health care facilities.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2









