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Criimi Mae Reclaims Servicer Status.(Brief Article)
Rating agency Standard & Poor's has reinstated Rockville, Md.-based Criimi Mae on its Select Servicer list for commercial mortgage loans.
S&P added Criimi Mae Services to its Select List as a commercial loan servicer, master servicer and special servicer. Criimi Mae's status had been revoked in October of 1998, when the company's parent filed for bankruptcy protection.
Criimi Mae successfully completed a reorganization plan in April that re-capitalized the company. S&P ...
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