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CMBS

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  • JPMorgan is said to be in the early stages of prepping a follow-up to its first non-agency residential mortgage-backed securitization.
  • Bank of America Merrill Lynch’s Taurus 2013 commercial mortgage-backed securities deal, which securitizes a loan for a portfolio of Dresden multi-family units owned by German real estate company Gagfah, has provoked frustration among investors because of the inclusion of a detachable coupon at the top of the cash waterfall.
  • Macquarie Bank priced the AUD300 million ($310.6 million) residential mortgage securitization originated by Australian building society IMB early Wednesday.
  • Wells Fargo and JPMorgan are preparing to sell approximately $875 million worth of bonds backed by Irvine Company’s portfolio of Southern California Class A office properties.
  • The EuroProp EMC Compartment 1 commercial mortgage-backed securities deal, originated by Citi in 2006, defaulted at legal final maturity on Tuesday, becoming only the second European CMBS since the crisis to do so.
  • EuroProp EMC Compartment 1 CMBS defaulted at legal final maturity on Tuesday, becoming only the second European CMBS since the crisis to do so. The special servicer is expected to continue the asset disposal process in the interests of all parties – on the condition that an administrative receiver appointed by courts after the default approves.
  • Macquarie Bank is arranger and lead manager on a forthcoming AUD300 million ($310 million) residential mortgage securitization originated by Australian building society IMB.
  • Bank of America Merrill Lynch’s Taurus 2013 CMBS, which securitises a loan for a portfolio of Dresden multi-family units owned by German real estate company Gagfah, has provoked frustration among investors because of the inclusion of a detachable coupon at the top of the cash waterfall.
  • The private-label residential mortgage-backed securities market has been losing some of the momentum it saw early in the year, showing signs of softening and seeing practices the collateralized loan obligation and commercial mortgage-backed securities markets turned to in times of volatility to help clear struggling deals.