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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Secondary market trading volumes in European securitization have remained light since the start of June, but the broader market view suggests spreads in the core secondary markets are remaining resilient.
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Balloon risk remains the key risk for the three largest German multifamily commercial mortgage-backed securities transactions, mainly because of “exceptionally large loan balances,” despite the strong market activity over the past year, according to Fitch Ratings.
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San Joaquin County Employees’ Retirement Association committed $25 million to Marinus Capital Advisors, to be invested with the firm’s residential mortgage-backed securities strategy, according to sister publication Money Management Intelligence.
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Prytania Investment Advisers has increased its Athena fund’s allocations to U.S. commercial real estate collateralized debt obligations, trust preferred CDOs and prime U.K. residential mortgage-backed securities in recent weeks.
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The delinquency rate for loans in U.S. commercial mortgage-backed securities rose 0.29 percentage points to 8.85% in the first quarter, while commercial and multifamily mortgage delinquency rates dropped for banks, according to the Mortgage Bankers Association.
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Investors in distressed Dutch commercial mortgage-backed securities could see returns of more than 15% because of recent pricing trends, according to Kempen, the Amsterdam-based merchant bank.
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A graph of year-to-date issuance by region and sector, as reported by Securitization Intelligence, accompanied by a bird's-eye view of the activity seen in each sector last week. -
Barclays has been hit with two separate lawsuits over losses from mortgage-backed securities it sold to Germany’s Landesbank Baden-Wuerttemberg and Sealink Funding.
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PCM Fund has eliminated an investment policy that it would invest at least 50% of total assets in commercial mortgage-backed securities, thus opening the way to expand its exposure to a broader range of assets classes, including agency CMBS, private-label MBS, investment-grade corporate debt securities and high-yield corporate debt securities.
