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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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
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Deferrals are up but still haven't outpaced loan modifications in conservatorship-era foreclosure prevention, according to the Federal Housing Finance Agency.
March 27