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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Simplification of the commercial mortgage-backed securities market remains the major requirement needed to make it more attractive to investors, Global ABS delegates at the CMBS Solutions panel heard Wednesday.
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Significant changes have been introduced to the wider European mortgage market by the euro area debt crisis.
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JPMorgan Chase is leading all banks in issuing commercial mortgage-backed securities.
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The secondary market continues to remain open and receptive to the Federal Reserve Bank of New York’s asset sales from its Maiden Lane III portfolio, as the central bank prepares to offload another $7.1 billion in legacy collateral this week.
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Brevan Howard Asset Management is looking to see up to 60% return within two years from a new fund that invests in commercial mortgage-backed securities.
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Loss severity on U.S. commercial mortgage-backed securities is likely to rise from current levels as special servicers press to liquidate more loans this year and next in poor performing property type and geographies.
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A failed modification attempt on a single, $470 million loan on a Los Angeles office tower is responsible for a 12-basis-point increase in the delinquency of loans in U.S. commercial mortgage-backed securities to 8.65% in May, according to Fitch Ratings.
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Investors have been more cautious about putting money into long-term commercial mortgage-backed securities because of recent rate declines, as Treasury yields have fallen up to 91 basis points since March.
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BNY Mellon Capital Markets is expanding its mortgage securities trading desk, picking up a handful of traders from Ally Securities, a unit of Ally Financial.