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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A new residential mortgage-backed trade in Europe is in the works and the issuer could be under pressure to get the trade out before the summer slowdown, according to London officials.
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Morgan Stanley and Bank of America priced MSBAM 2012-C5, a $1.3 billion commercial mortgage-backed securities conduit deal.
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Gleacher & Company Securities, the broker/dealer arm of investment bank Gleacher & Co., has continued its senior-level hiring push. -
Société Générale’s troubled pan-European commercial mortgage-backed trade, White Tower Europe 2007-1, has seen its class B through E notes downgraded as a result of weakening performance in the sole remaining loan.
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Bond prices in the German Residential Asset Note Distributor (GRAND) commercial mortgage securitization have rocketed following Deutsche Annington Immobilien’s proposed restructuring of the deal.
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Morgan Stanley and Bank of America are said to have cut the yield on a top-rated tranche of its $1.2 billion commercial mortgage-backed securities deal from up to 150 basis points above the benchmark swap rate to 135 bps, in what appears to be an effort to attract investors, which have generally been cool to such CMBS.
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Fannie Mae and Freddie Mac’s issuance of multifamily commercial mortgage-backed securities rose by more than one-third in the first six months of 2012, thanks to low funding costs and strong investor demand.
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The delinquency rate of loans in U.S. commercial mortgage-backed securities dipped slightly in June to 8.62% from 8.65% after three straight months of sizeable increases, according to Fitch Ratings.
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Toronto-based mortgage provider First National Financial has sold C$251.6 million ($248.1 million) inmortgage backed securities set to mature in June 2017.
