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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Fitch Ratings has downgraded 35 bonds in 24 U.S. commercial mortgage-backed securities from C and CC to D, indicating it expects the bonds to default. Principal write-downs prompted the downgrades, says Fitch.
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Deutsche Bank and Cantor Fitzgerald are said to be preparing to sell $824 million in commercial mortgage-backed securities in the coming days.
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Fitch Ratings has downgraded 35 bonds in 24 U.S. commercial mortgage-backed securities from C and CC to D, indicating it expects the bonds to default. Principal write-downs prompted the downgrades, says Fitch.
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Santander U.K.’s prime residential mortgage securities deal Fosse 2012-1 has publicly sold two slices of AA-rated bonds, the first U.K. RMBS to do so since the crisis, signaling that issuers are now willing to meet buyside demand for paper further down the capital curve. -
The Federal Reserve Bank of New York has put off a $1.67 billion sale of collateralized debt obligation holdings from its Maiden Lane III portfolio that was scheduled for today.
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Goldman Sachs, Citigroup and Jefferies & Co. have floated price guidance of swaps plus 120-125—wider than recent deals—for the 10-year, AAA-rated bonds of GSMS 2012-GCJ7, a $1.6 billion commercial mortgage-backed securities deal that is also the largest conduit shopped this year.
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Loans on a marina, data center and a student housing complex—non-traditional properties for commercial mortgage-backed securities deals—are part of the collateral pool in an upcoming conduit deal from Deutsche Bank and Cantor Commercial Real Estate.
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Standard & Poor’s has been retained to rate a private-label commercial mortgage-backed securities transaction for the first time since last November.
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European securitization market officials aren’t sweating the potential impact that JPMorgan’s recent losses may have on the still-recovering sector, though the bank’s chief investment office, which was the source of the losses, has also been a major investor in the region’s post-crisis securitization issuance.
