TEXT-Fitch downgrades 8 classes of GSMSC 2007-GG10
Aug 16 – Fitch Ratings has downgraded 8 classes of GS Mortgage Securities Trust series 2007-GG10, commercial mortgage pass through certificates. The downgrades reflect both an increase in expected losses on the specially serviced loans as well as …
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Nonperforming U.S. mortgages to be sold
The loans will be auctioned in pools consisting of homes in Chicago; Phoenix; Newark, N.J.; and Tampa, Fla., according to SEBA Professional Services, a financial adviser, and Debt Exchange Inc., an online loan-auction service also known as DebtX …
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Bennington, Vt., considers boosting business loans
BENNINGTON, Vt. (AP) — The town of Bennington, Vt., is looking at boosting the amount people can borrow under its business loan program. The proposed change would allow people to borrow from $ 25000 to $ 100000 to start or expand a business. Officials …
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