Class L of Wachovia Bank's commercial mortgage pass-through certificates series 2004-Whale 3 has been downgraded from BBB-minus to BB by Fitch Ratings.Fitch also upgraded two classes in the transaction and affirmed the ratings on two others. The downgrade was attributed to the decreased operating performance of the Adams Mark Hotel in Denver. Fitch can be found on the Web at http://www.fitchratings.com.
Mortgage fintechs are attracting investor attention and dollars with agentic AI processes in new origination-focused platforms and assistants.
The portfolio for sale contains hundreds of millions of dollars worth of reperforming loans that the government-sponsored enterprise co-marketed with Citigroup.
The S&P Cotality Case-Shiller home price index rose 0.8% year over year in April, while U.S. Federal Housing's index climbed 2%. Both indexes declined monthly.
While the nationwide purchase average declined nearly 3% in 2025, these costs rose in 23 of 50 states and the District of Columbia, a study from LodeStar said.
Lisa Cook can keep her seat on the Federal Reserve Board thanks to the Supreme Court's procedural concerns. Deeper questions about the central bank might not come for years — if at all.
Priority Financial Network CEO Marc Shenkman allegedly told a former employee to "keep his resume out there" because he planned to get Lendwise shut down.