Commercial Property Ri Mortgage

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10/23/2008 News For:

Commercial Property Ri Mortgage

Fitch Affirms Banc of America Commercial Mortgage Series 2002-2; Assigns Outlooks   NEW YORK----Fitch affirms Banc of America Commercial Mortgage Inc.'s commercial mortgage pass-through certificates, series 2002-2, and assigns Outlooks as follows:

Feds arrest 3 in mortgage fraud and property-flipping scheme  NEWARK - Federal authorities today arrested an Englewood man and two alleged accomplices in a mortgage fraud and property-flipping scheme involving more than $4 million worth of investment properties in Essex and Passaic counties.

Fitch Affirms GE Commercial Mortgage 2003-C2; Assigns Outlooks   NEW YORK----Fitch Ratings affirms and assigns Outlooks to GE Commercial Mortgage Corporation series 2003-C2 commercial mortgage pass-through certificates as follows:

Fitch Affirms TIAA Seasoned Comm?l Mortgage Trust 2007-C4  Fitch Ratings has affirmed and assigned Outlooks to TIAA Seasoned Commercial Mortgage Pass-Through

Fitch Affirms TIAA Seasoned Comm'l Mortgage Trust 2007-C4   NEW YORK----Fitch Ratings has affirmed and assigned Outlooks to TIAA Seasoned Commercial Mortgage Pass-Through Certificates, series 2007-C4, as follows:

UPDATE: China Sets Housing Tax Breaks, Eases Mortgage Rates  Adds detail and background. BEIJING -Dow Jones- China's Ministry of Finance said Wednesday it will introduce tax breaks for certain housing transactions from Nov. 1 and relax mortgage rates for first-time home buyers, moves that could help stabilize the country's property market.

Correction in commercial real estate has only just begun  Commercial real estate is likely to suffer its worst year since the recession of 1991-1992, an annual study predicts, with property values falling, vacancies rising and developers forced to sit on the sidelines as capital remains scarce and debt markets struggle to right themselves from the credit crisis.

China announces new policy to boost property sector  China announced late yesterday an array of policies, including tax exemption and mortgage deposits reduction, to boost the falling real estate sector amid the global economic downturn.

Mortgage application volume declines last week   Mortgage application volume fell 16.6 percent during the week ended Oct. 17, according to the Mortgage Bankers Association's weekly application survey.

Feds arrest three in alleged N.J. mortgage scam  Federal authorities Tuesday arrested an Englewood man and two alleged accomplices in a mortgage fraud and property-flipping scheme involving more than $4 million worth of investment properties in Essex and Passaic counties, according to a report in The Record. The...