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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Allied Irish Bank priced its first public securitization of residential mortgages, the £428.5 million ($691.2 million) Tenterden Funding PLC, on Wednesday.
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President Obama recently proposed extensive government assistance to homeowners whose primary residences have fallen in value below their unpaid mortgage balances. -
Deutsche Bank has agreed to pay more than $200 million to settle charges that it had misled the U.S. Department of Housing and Urban Development about the quality of mortgages issue by the German lender’s mortgage provider MortgageIT in 2007.
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Standard & Poor’s has revised down by one month the timeline for clearing the U.S. residential shadow inventory.
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Subprime residential servicer SpringLeaf Finance may file for bankruptcy if its financial condition does not improve.
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The market’s reaction to the New York Federal Reserve’s second auction of legacy collateralized debt obligations in just two weeks has been more muted than the central bank’s last CDO sale at the end of April, market players say.
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The £288.7 million ($466.5 million) senior slice of the Devonshire Square loan—securitized in Morgan Stanley’s Triton (European Loan Conduit No. 26) commercial mortgage-backed deal—will be fully repaid after the underlying estate was sold earlier this month.
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Market officials are warning that primary volumes in Europe — flat now — trend down year-on-year as many traditionally active issuers are said to be close to being fully funded for 2012.
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Spanish lender Catalunya Banc is pitching a buy-back of bonds from several of its residential mortgage securitizations, with a target amount of EUR250 million ($324.2 million) worth of bonds.
