Moody's has downgraded three classes of GMAC Commercial Mortgage Securities Inc., series 1999-C2, while upgrading or affirming others. Class J's rating slipped to B1 from Ba3, class K's rating fell to Caa2 from B2 and class L's rating dropped to Ca from B3. Meanwhile, class B's rating rose to Aaa from Aa1, class C's rating climbed to Aa2 from A1, class D's rating jumped to Aa3 from A2, class E's rating got upgraded to Baa1 from Baa2 and class F's rating rose to Baa2 from Baa3. Other ratings were affirmed. Moody's can be found on the Web at http://www.moodys.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25