Standard & Poor's Rating Services, New York, has affirmed its Strong rating on Midland Loan Services Inc., a servicer, master servicer, and special servicer of commercial mortgages.The rating agency said the affirmation "reflects Midland's extensive track record of handling high volume of CMBS and other portfolio types with excellent procedures, demonstrated expertise, and appropriate controls." In another action, S&P assigned preliminary credit ratings to the class A and class B floating-rate notes to be issued by Vindex S.r.l., a special-purpose entity. The notes will be backed by a pool of residential and commercial nonperforming and performing loans originated in Italy. S&P can be found on the Web at http://www.standardandpoors.com.
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The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
September 18 -
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
September 18 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
September 17 -
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
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