Latest news
Latest news
TwentyFour priced its Dutch prime RMBS refi, Blackstone its sterling logistics CMBS
Blackstone is aiming to execute its CMBS before the market shuts for Global ABS
Second large office CMBS in quick succession after The Soloviev Group sold a $1.7bn New York office CMBS last week
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Mitsubishi is launching a commercial mortgage-backed securitization business in the U.S. in a joint venture with Five Mile Capital Partners.
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Fitch Ratings has downgraded from C to D 38 bonds in 26 U.S. commercial mortgage-backed securities transaction following a principal write-down of the bonds.
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Payments more than 60 days late of loans in commercial mortgage-backed securities fell 11 basis points in July to 9.34%, the first decline of 2012, according to Wells Fargo.
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Securitization officials are split over the impact the Bank of England’s Funding for Lending Scheme will have on U.K. issuance in the second half of the year.
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The largest loan securitized in the Europrop (EMC VI) commercial mortgage-backed trade has been given until Aug. 31 to resolve its failure to repay by an extended maturity date last week.
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The delinquent unpaid balance for commercial mortgage-backed securities rose for the seventh time in the past 12 months in June, according to Morningstar Credit Ratings.
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Private markets are starting to present good opportunities for credit strategies, particularly collateralized loan obligations, as banks have reigned in lending and shed assets.
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The tightening spread trend in U.K. residential mortgage-backed securities is set to continue with the Co-Operative Bank’s Silk Road Finance Three—the firm’s first securitization in over a year—due to be priced at the tightest level this year.
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CMBS market participants are unconvinced new CMBS practice principles will revive primary issuance, but say it is at least step in the right direction.