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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Mass. Sues Five Banks Over Foreclosures Martha Coakley, the attorney general of Massachusetts, has filed a lawsuit against Bank of America, Wells Fargo, JPMorgan Chase, Citigroup and Ally Financial over their foreclosure practices.
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Mortgage delinquencies in October dropped to 30% of their peak in January 2010, while foreclosures hit an all time high, according to Lender Processing Services.
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Moody’s Investors Service is contemplating a change to the way it considers interest-only bonds in assigning ratings that could result in a wave of downgrades to more than $600 million in commercial mortgage-backed securities, according to Deutsche Bank.
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Financial Guaranty Insurance has filed sued against GMAC Mortgage, Residential Capital and other affiliates of Ally Financial for allegedly misrepresenting the quality of loans packaged into mortgage-backed securities.
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Cantor Commercial Real Estate is marketing CFCRE 2011-C2, its second commercial mortgage-backed securities deal. It hopes to price the $774.1 million offering early next week, according to filings with the Securities and Exchange Commission.
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Liquidity in Europe’s secondary asset-backed securities markets has been lower in recent days.
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The overall outlook for European structured finance transactions remains stable, despite weakening macroeconomics and the negative impact that could have on performance of underlying assets, according to Fitch Ratings.
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Full repayment of loans in European commercial mortgage-backed securities at maturity inched up in November to 38.9% from 37.2% in the preceding month, according to Fitch Ratings.
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Standard & Poor’s says repayment of loans in European commercial mortgage-backed securities in October was dismal, with only five of 35 of these loans repaid at maturity.