Deutsche Breeds Scandal After Scandal

Department of Justice proposed a 14-billion dollar fine for Deutsche’s mortgage backed securities scandal (you’re thinking, “you’re going to have to be more specific; which one?”)  Wall Street J.  Deutsche’s stocks took a tumble late yesterday and continuing today.  Before that, last week it was reported in the New Yorker that Deutsche had a newer 10 billion dollar […]

Investors in Commercial Mortgage Backed Securities Nervous About Sharp Tactics of Special Servicers

Investors in Commercial Mortgage Backed Securities (CMBS) are objecting to the aggressiveness of special servicers.  Special servicers are transferred servicing rights to loans that are already in default.  These complaints were obliquely mentioned in a recent Fitch Ratings press release. Apparently, just as with Residential Mortgage Backed Securities (RMBS), special servicers may be acting abusively […]