Mon, Mar 10, 6:53 PM (50 days ago)
Wells Fargo Commercial Mortgage Trust 2013-C14 (WFRBS) reported its financials for the fiscal year ended December 31, 2024. The trust's strategic overview includes the management of commercial mortgage loans, with key assets being the White Marsh Mall Mortgage Loan and the 301 South College Street Mortgage Loan, which constituted approximately 7.5% and 6.1% of the asset pool, respectively. The trust's financial condition is supported by a Pooling and Servicing Agreement, which outlines the servicing and administration of the mortgage loans. The trust's financial performance is not explicitly detailed in the provided text, but it mentions that the Cumberland Mall Mortgage Loan and the 100 & 150 South Wacker Drive Mortgage Loan, previously assets of the issuing entity, were not assets during the reporting period. The trustee, U.S. Bank Trust Company, National Association, is required to provide an assessment of compliance with applicable servicing criteria, but during the reporting period, the trustee did not perform any servicing functions with respect to the specified criteria. Instead, the master servicer or special servicer performed these functions. The trust faces risk factors related to legal proceedings involving U.S. Bank Trust Company, National Association, as trustee, and Wells Fargo Bank, National Association, as certificate administrator and custodian. These proceedings include lawsuits related to residential mortgage-backed securities (RMBS) trusts and student loans, with U.S. Bank denying liability and contesting the plaintiffs' claims. The trust's market position changes are not explicitly detailed, but the trust's future outlook is supported by the ongoing management and servicing of its mortgage loans. The trust's financial condition is further supported by the assessments of compliance with applicable servicing criteria and accountants' attestation reports from various servicers, including CoreLogic Solutions, LLC, and Computershare Trust Company, National Association.