Mortgage write-downs gain appealRALEIGH, N.C. - Eager to avoid writing down the loans on their books, banks have been extending many of them with the hope that the market will improve.
Fitch Places 7 Classes of GMAC Commercial Mortgage Securities, Inc., 2003-C2 on Watch NegativeNEW YORK--(BUSINESS WIRE)--Fitch Ratings has placed the following seven classes of GMAC Commercial Mortgage Securities, Inc., 2003-C2, on Rating Watch Negative: --$16.1 million class E 'AAAsf/LS5';--$21 million class F 'AAsf/LS5';--$11.3 million class G 'BBBsf/LS5';--$16.1 million class H 'BBsf/LS5';--$20.1 million class J 'B-sf/LS5';--$8.1 million class K 'CCCsf/RR2';--$8.1 million class L ...
Annaly Capital Management Announces Monthly Commentary for SeptemberNEW YORK--(BUSINESS WIRE)--Annaly Capital Management, Inc. (NYSE: NLY) released its monthly commentary for September providing a review of the economy and the residential mortgage, commercial mortgage, corporate credit and Treasury markets. Through its monthly commentary and blog, Annaly Salvos, Annaly expresses its thoughts and opinions on issues and events in the financial markets. Please ...
HDFC raises 5 bln rupees via commercial paperMUMBAI, Sept 9 (Reuters) - India's top mortgage lender, Housing Development Finance Corp , on Thursday raised 5 billion rupees via short-term debt, according to Thomson Reuters data.
Fitch Downgrades 20 Bonds in 16 U.S. CMBS TransactionsNEW YORK----Fitch Ratings has downgraded 20 bonds in 16 commercial mortgage-backed securities transactions to 'D' indicating that the bonds have incurred a principal write-down. The bonds being downgraded to 'D' as part of this review were all previously rated 'B-', 'CC' or 'C' indicating that a default was expected.
Fitch Downgrades 20 Bonds in 16 U.S. CMBS TransactionsNEW YORK--(BUSINESS WIRE)--Fitch Ratings has downgraded 20 bonds in 16 commercial mortgage-backed securities (CMBS) transactions to 'D' indicating that the bonds have incurred a principal write-down. The bonds being downgraded to 'D' as part of this review were all previously rated 'B-', 'CC' or 'C' indicating that a default was expected. Today's action is limited to just the bonds with write ...