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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Issuance of U.S. commercial mortgage-backed securities improved in 2011 but fell short of forecasts because of volatility and uncertainty linked to the European debt crisis, according to Standard & Poor’s.
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Clydesdale Bank could relaunch its postponed U.K. residential mortgage-backed issue from its Lanark Master Trust in early February following several structural changes to the transaction.
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Merrill Lynch’s Taurus 2006-1 commercial mortgage securitization will see a further extension to the standstill period on its troubled Ruhr loan, buying more time for the special servicer and borrower to plot a sell-off of the underlying properties.
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Commercial mortgage-backed securities liquidations by loan count decreased by 51% month-over-month in December, but loss severities on most of those liquidations jumped nearly 400 basis points from November, according to Trepp.
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Santander U.K. has a new issue of residential mortgage-backed securities from its Holmes program in the works, a deal set to be the first U.K. RMBS of the year.
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Banks in peripheral Europe could launch more discounted tender offers for bonds in outstanding securitizations this year as a way of raising capital.
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Delinquencies in loans in U.S. commercial mortgage-backed securities ended 2011 with its fifth consecutive month of decline, dropping from 8.41% to 8.37% in December, according to Fitch Ratings.
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Wells Fargo is said to have named Charles Mather to succeed Chris Campbell as head of commercial mortgage-backed securities trading.
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The announced closure of five Macy’s and four Bloomingdale’s stores, a week after Sears Holding Company announced it was closing more than 100 Sears and Kmart stores, is not expected to have a significant impact on the commercial mortgage-backed securities deals that include those assets, according to market researchers.