White Tower Issuer May Be Bound For Default

07 Dec 2009

The issuer of White Tower commercial mortgage securitizations could be headed for a technical event of default due to reporting covenants, one London-based financial services firm has warned.

-- Daniel O’Leary

The issuer of White Tower commercial mortgage securitizations could be headed for a technical event of default due to reporting covenants, one London-based financial services firm has warned. On Friday, Ernst & Young, auditor of the White Tower 2006-3 commercial mortgage securitization, resigned after filing its ...

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