PNC's Midland Loan Services unit is named master servicer for a trust backed by 37 property loans. The filing gives no fee amount or loan-performance details, so it does not show a clear change to PNC's outlook.
This gives PNC's Midland Loan Services unit a servicing role, but the filing does not say what fees PNC will earn. It also gives no details about how the loans are performing. That leaves no clear change to PNC's business outlook.
Goldman Sachs & Co. is listed among the certificate buyers and underwriters, and Goldman Sachs Mortgage Company sold loans into the trust. The filing gives no company-specific fee or profit amount, so it does not show a clear change to Goldman Sachs' outlook.
Citigroup Global Markets is listed among the certificate buyers and underwriters, and Citi Real Estate Funding sold loans into the trust. The filing gives no company-specific fee or profit amount, so it does not show a clear change to Citigroup's outlook.
BMO Capital Markets is listed among the certificate buyers, and Bank of Montreal is named as a loan seller. The filing gives no company-specific fee or profit amount, so it does not show a clear change to BMO's outlook.
Get alerts for PNC
Follow PNC Bank, National Association (PNC) free. When we publish a story about it, you get the plain-English explanation as an alert.