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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The U.S. Federal Housing Finance Agency is working with the Department of Treasury on developing a new model for Fannie Mae and Freddie Mac mortgage-backed securities that would allow private investors to share some of the credit risk.
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Standard & Poor’s is proposing changes to its commercial mortgage-backed securities ratings criteria that will incorporate a so-called expected case analysis into its methodology.
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Yields on Fannie Mae current-coupon mortgage-backed securities slipped 0.07 percentage points to a record low 2.57%, according to Credit Suisse.
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Risk appetite is cooling significantly in the commercial mortgage-backed securities market—a marked shift in tone since the first quarter when spreads on new issues were tightening to levels not seen in almost two years, according to sister publication Real Estate Finance Intelligence.
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The repayment index of loans in commercial mortgage-backed securities in Europe, the Middle East and Africa is set to deteriorate further as 21 loans valued at nearly EUR2.4 billion ($2.97 billion) are due at a time when financing conditions have not improved, according to Fitch Ratings.
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Nearly half of the loans in German and U.K. commercial mortgage-backed securities have defaulted at maturity, with little hope of improvement as the strongest loans have already been repaid, according to Standard & Poor’s.
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Lloyds Bank today priced the first public issue from its Dutch residential mortgage-backed program Candide program since 2007.
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Non-repayment of loans in European commercial mortgage-backed securities due to mature in the first quarter hit 79%, according to Moody’s Investors Service, a level more than double the 35% recorded in 2009.
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Santander U.K. has priced its Holmes 2012-3 U.K. residential mortgage-backed trade, the second RMBS deal this year to offer investors AA-rated bonds.