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 proposed credit bid on the Opera Finance (Uni-Invest) commercial mortgage securitization could become an attractive model for future workouts on certain CMBS deals that have stalled, according to market officials in London.
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Netherlands-based lender Obvion has privately placed a securitization of Dutch prime residential mortgages, STORM 2012-II.
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The percentage of loans in commercial mortgage-backed securities delinquent 30 days or more increased 42 basis points in March—the largest monthly increase since November 2010—to 10.04%, according to Wells Fargo analysts.
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Liquidation of conduit loans in commercial mortgage-backed securities remained near 12-month lows in March at 95; around the same level as the preceding month but well below the 12-month moving average of 150, according to Trepp.
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The Federal Reserve is considering fines on smaller servicers not included in the recent government settlement with their bigger counterparts over foreclosure practices.
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Non-agency mortgage real estate investment trusts, which invest in residential mortgage-backed securities, have so far in 2012 outperformed its agency counterparts, reversing their performance roles from the second half of last year.
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The number of loan modifications completed by mortgage servicers through private programs fell 20% in February from the preceding month and 28% from a year earlier, according to Hope Now.
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UBS Securities is said to be planning to offer $412 million in commercial mortgage-backed securities linked to a long the Fontainebleau Hotel in Miami.
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The largest loan securitized in Credit Suisse’s Titan Europe 2007-2 commercial mortgage-backed trade will be transferred into special servicing through Hudson Advisors U.K. after one of the counterparties with an interest in the loan withdrew from consensual restructuring talks.