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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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.
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Amherst Securities is advising investors to target fixed-rate, legacy commercial mortgage-backed securities with higher dollar prices and interest-only bonds as a way to safeguard against changes in yield when there are extensions on large, overleveraged loans.
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Santander U.K. is set to price its Fosse 2012-1 prime U.K. residential mortgage-backed trade later this week.
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The Federal Reserve Bank of New York has announced it will be offloading additional collateral from two legacy collateralized debt obligations held in its Maiden Lane III portfolio, with auctions scheduled for May 17 and May 22.
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A non-asset trigger breach in Bradford & Bingley’s Aire Valley residential mortgage-backed master trust could cause the underlying bonds on the deal to become more liquid, creating a benchmark similar to the Northern Rock’s Granite U.K. RMBS, which is seen as the bellwether of the European market, according to London-based analysts.
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The EUR36.4 million ($46.8 million) Berlin residential portfolio loan, securitized in Morgan Stanley’s pan-European Silenus (European Loan Conduit) ELoC No. 25 commercial mortgage trade, has been a given a new six-month standstill period containing certain conditions.
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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. -
George Smith, senior managing director in Cantor Fitzgerald’s debt capital markets platform, has left the firm to head up the mortgage-backed securities desk at Gleacher & Company Securities; the broker-dealer unit of investment bank Gleacher & Co.
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Real estate-owned assets now account for one-third of all loan delinquencies in U.S. commercial mortgage-backed securities, according to Fitch Ratings.
