Twenty classes from five small-balance commercial mortgage-backed securities deals issued by CBA Commercial and LaSalle Commercial Mortgage Securities have been downgraded by Fitch Ratings.Fitch also affirmed the ratings on 62 classes from eight small-balance CMBS deals by the same issuers. The downgrades were attributed to higher-than-expected delinquencies. The transactions are collateralized by small-balance commercial loans secured by multifamily, retail, office, and mixed-use properties. Fitch can be found online at http://www.fitchratings.com.
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The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
7h ago -
Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.
8h ago -
Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
10h ago -
Cybersecurity platforms said infiltrators gained access to terabytes of data with a wealth of personal information, but the lender disputed reported numbers.
10h ago -
The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
June 23 -
The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
June 23







