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 jumbo residential mortgage-backed securities sector faces a greater risk of default than its subprime counterpart, according to Moody’s Investors Service.
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A group of more than 130 lawmakers are pressing the House of Representatives to agree to restore the higher conforming loan limit on jumbo mortgages guaranteed by Fannie Mae and Freddie Mac that was in force during the crisis.
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Ally Financial has signaled that it would not sign-on to a proposed settlement of charges over foreclosure practices because the charges on the firm would be disproportionate to its exposure, according to Michael Carpenter, the lender’s ceo.
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Allied Home Mortgage has been sued for allegedly engaging in fraudulent lending practices that resulted in thousands of borrowers losing their homes and costing the U.S. government more than $834 million insurance claims.
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The new-issue private-label commercial mortgage-backed securities market is expected to make a comeback after its current lull, but market participants say current global events that have created volatility make it difficult to predict when.
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The Volcker rule’s proposed ban on proprietary trading poses problems for banks that provide bridge loans, according to the law firm Paul Hastings.
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Barclays Capital is prepping a new issue of residential mortgage-backed securities from its Gracechurch Mortgage Financing vehicle, a year after it restructured the program.
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U.K. buy-to-let lender Paragon Mortgages is said to have already lined up commitments on most of its public market bonds in a new £150 million ($239.6 million) residential mortgage-backed securitization, Paragon Mortgages No. 16, according to a London-based market official.
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Prices in Northern Rock’s U.K. residential mortgage-backed securities vehicle Granite, seen as the European securitization market’s bellwether, are staying high despite a slight post-rally drop-off.