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Fitch Takes Various Actions on Mortgage Capital Funding 1998-MC1 (Business Wire via Yahoo! Finance)
NEW YORK----Fitch Ratings revises the Recovery Rating , affirms the ratings and assigns a Rating Outlook to Mortgage Capital Funding, Inc.'s commercial mortgage pass-through certificates, series 1998-MC1, as follows:
Wed, 10 Mar 2010 20:37:00 GMT.
Fitch Places 3 Classes of DLJ Commercial Mortgage Corp., 1999-CG3 on Watch Negative (Business Wire via Yahoo! Finance)
NEW YORK----Fitch Ratings has placed the following three classes of DLJ Commercial Mortgage Corp. , series 1999-CG3, on Rating Watch Negative:
Wed, 10 Mar 2010 20:45:00 GMT.
Club Kalua owners charged with mortgage fraud (Greenwich Time)
NEW YORK (AP) ? The mother and son owners of the strip club made infamous by the shooting of Sean Bell have been charged in a mortgage fraud case in Queens.
Tue, 09 Mar 2010 19:01:07 GMT.
New York City home foreclosures slip for second month in a row (New York Daily News)
There were 1,401 foreclosure notices citywide in February, a 23% drop compared with the previous month and a decline of 5.5% compared with February 2009, according to stats set to be released Thursday by foreclosure listing firm RealtyTrac.t.
Thu, 11 Mar 2010 00:35:00 GMT.
TARP Panel Finds Fault With GMAC Bailouts (New York Times)
A Congressional panel, in a report to be released Thursday, questioned the need for the Treasury Department ?s $17.2 billion bailout of GMAC as the company dealt with the collapsing mortgage market in 2008 and 2009, Sewell Chan reports in The New York Times.
Thu, 11 Mar 2010 09:16:01 GMT.
Club Kalua owners charged with mortgage fraud (WCAX-TV Vermont)
Associated Press - March 9, 2010 1:55 PM ET NEW YORK (AP) - The mother and son owners of the strip club made infamous by the shooting of Sean Bell have been charged in a mortgage fraud case in...
Tue, 09 Mar 2010 19:07:19 GMT.
Obama Foreclosure-Prevention Plan Lagging, New Data Shows (EXCLUSIVE) (HuffingtonPost.com via Yahoo! News)
Only about a third of the homeowners who have successfully completed the trial period of the Obama administration's mortgage modification program have been offered permanent relief, according to new federal data obtained by the Huffington Post.
Wed, 10 Mar 2010 12:50:15 GMT.
Connecticut AG Blumenthal sues Moody's, S&P; says mortgage securities ratings "misleading" (Minneapolis-St. Paul Star Tribune)
NEW YORK - Connecticut Attorney General Richard Blumenthal is suing Moody's Investors Service and Standard & Poor's over ratings the agencies issued on certain investments.
Wed, 10 Mar 2010 17:43:40 GMT.
Rates fall again to new low (Bankrate.com via Yahoo! Finance)
Mortgage rates declined again, and experts are uncertain whether they'll go up or down in the future.
Thu, 11 Mar 2010 11:00:00 GMT.
Fitch Rates Southern California Edison's $500MM First & Rfdg Mortgage Bonds 'A+' (Business Wire via Yahoo! Finance)
NEW YORK----Fitch Ratings has assigned an 'A+' rating to Southern California Edison's $500 million 5.5% issuance of first and refunding mortgage bonds due March 2040. The securities were priced on Monday, March 8, 2010 and are expected to settle on March 11, 2010.
Tue, 09 Mar 2010 15:05:00 GMT.