Latest news
Latest news
ABS issuers are less constricted following pre-funding surge
Deutsche Bank predicts $155bn of private sector CMBS
◆ Data centres: crunch time for Europe's capital markets ◆ How AI is changing capital markets work... ◆ ... and hiring
More articles
-
Private equity company Northwood Investors, the new junior lender in Irish CMBS Opera Finance CMH, has called for discussions with noteholders on potential recovery plans. The company has hired Brookland Partners to act as its financial adviser in the process.
-
NIBC Bank is preparing to come to market with Dutch MBS XVIII, a EUR526.5 million ($702.9 million) securitization of Dutch residential mortgages.
-
Private equity company Lone Star, the main junior noteholder in Windermere XIV, has failed in its second attempt to change the special servicer on the transaction. It’s proposal again failed by margin of less than 5% — though by a larger margin than in December.
-
Market players say Bank of America could be in the market again soon to offload another $100-200 billion in servicing rights, and that other banks could follow their lead after the bank sold $300 billion of residential mortgage servicing rights to Nationstar Mortgage and Walter Investment.
-
JPMorgan emerged as the top bookrunner of global asset-backed securities deals in 2012, deposing Bank of America-Merrill Lynch, which had taken the top seat since 2010, according to league tables compiled by SI and Dealogic.
-
The governance of the EURIBOR-European Banking Federation needs to improve, particularly in the structure of its steering committee, the European Securities and Markets Authority and the European Banking Authority said Friday.
-
Noteholders in the Epic (Brodie) synthetic CMBS are set to receive a €74m reference obligation prepayment, after the sale of three properties.
-
Private equity company Lone Star, the main junior noteholder in Windermere XIV, will have a second attempt at removing Hatfield Philips as special servicer on the transaction at a noteholder meeting in London this Friday. If successful, Lone Star will install its own servicing affiliate, Hudson Advisors, giving it an advantage in any workout negotiations.
-
Northwood has beaten off competition from Cheney, Kennedy Wilson, Texas Pacific Group and other bidders to acquire the junior loan in Eurohypo’s Opera Finance CMH, a CMBS backed by Irish real estate. The purchase gives the company a say in any debt restructuring plans.