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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Neil Barofsky, the former special inspector general for the Troubled Asset Relief Program, has criticized the Department of Treasury for its recent sale at a $50 million loss of shares on six small banks that received TARP funds.
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JPMorgan Chase has reduced the discount on a $132 million in commercial mortgage-backed securities backed by loans from Rialto Capital Management from an earlier-reported 4.75% coupon at 99 cents on the dollar to 99.75 cents.
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The Federal Reserve Bank of New York is considering another sale of assets it acquired through its bailout of American International Group.
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Global securitization issuance jumped nearly 6% in the first quarter of 2012 to $167.93 billion across sectors, according to data from Dealogic.
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The property underpinning the largest loan securitized Credit Suisse’s £564.2 million ($892.6 million) Cornerstone Titan 2006-1 CMBS has been yanked from the market after having earlier been set for a sale, according to London-based analysts.
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Commercial mortgage-backed securities lenders are starting to close the gap to their counterparts at life insurance companies, tightening their quoted spreads while continuing to offer higher loan-to-value ratios.
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Loan defaults in commercial mortgage-backed securities appear to be stabilizing with a 14.5% rate projected by the end of year, compared with 12.7% in 2011, according to Fitch Ratings.
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The delinquency rate for loans in U.S. commercial mortgage-backed securities rose sharply in March, up 31 basis points to 9.68%, according to Trepp.
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Ethan Penner, one of the founding fathers of the commercial mortgage-backed securities market, is set to leave CBRE Capital Partners, according to sister publication Real Estate Finance Intelligence.