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  • Wells Fargo reaches $110 million class action settlement over fake accounts

    The fallout from Wells Fargo's fake account fiasco is far from over, as the bank announced late Tuesday that it reached a $110 million settlement in a class action lawsuit brought on behalf of the bank’s customers who had a fake account opened in their name. Click the headline to read more about the settlement.

CMBS loan values rise slightly, again

The loans used to back commercial mortgage-backed securities increased in value slightly in October, according to DebtX. Commercial real estate loan values rose to 85.3%, up from an even 85% in September. That is still up 5% when compared to loan values at this time last year. However, it is down from 85.9% of the CRE loan value in August. DebtX finds the slight movement a positive for the market. "With little movement in interest rates, improving fundamentals in the CRE market had a noticeably positive impact on loan prices," said DebtX CEO Kingsley Greenland. Debt Exchange Inc. is a Boston-based company that provides loan analysis, advisory and exchange services. The firm priced 52,806 commercial real estate loans with an aggregate principal balance of $637.4 billion in August. The loans provide collateral for 646 CMBS trusts in the United States. Write to Jacob Gaffney. Follow him on Twitter @jacobgaffney.

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