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 performance of loans in Irish commercial mortgage-backed securities deteriorated sharply in October as the rate of loans 90 days or more delinquent climbed from 8.85% at the end of July to 10.14%, according to Moody’s Investors Service.
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Government entity Fannie Mae has again made revisions to its guidelines for mortgage services, removing language known as the “ability to pay” clause and making the Home Affordable Refinance Program more accessible to servicers, analysts say.
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The average loss severity for loans U.S. commercial mortgage-backed securities liquidated at a loss rose in the third quarter to 39.7% from 39.1% in the preceding three-month period, according to Moody’s Investors Service.
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California Attorney General Kamala Harris has charged Fannie Mae and Freddie Mac with hindering an investigation of mortgage lending and foreclosure practices.
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The aggregate value of loans in U.S. commercial mortgage-backed securities stood at 85.2% in November, 4.9 percentage points above their level a year ago, according to DebtX.
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The U.K. Financial Services Authority’s call for increasingly stringent standards to combat a return of risky mortgage lending should not have much of an impact on prime U.K. residential mortgage-backed securities, according to Moody’s Investors Service.
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Standard & Poor’s predicts that between50% and 60% of vintage 2007 five-year term loans in U.S. commercial mortgage-backed securities maturing next year will fail to refinance, with retail loans at the greatest risk.
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Redwood Trust is expanding its network of correspondent lenders to originate loans for new commercial mortgage-backed securities transactions.
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Placed issuance in European securitization is expected to increase in 2012, Citigroup analysts said Tuesday.