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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A zero-interest rate program inked last year to help struggling homeowners make mortgage payments has lent only half of the $1 billion Congress awarded it under the Dodd-Frank Act.
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Deutsche Bank has launched the first floating-rate commercial mortgage-backed securitization since 2007 and JPMorgan is readying a similar offering.
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Covered bond issuers in Europe are mulling a switch to residential mortgage-backed securities as the sovereign debt crisis bears down on the region’s banks, sparking downgrades in the Euro-zone and rattling investors in the more than EUR2.5 trillion ($3.4 trillion) covered bond sector. -
StormHarbour Securities has hired Paulo Gray as a principal and managing director in London, where he will head fixed income sales and trading, structuring and advisory, and capital markets for the Iberian region.
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The agency residential mortgage-backed securities market is expected to continue widening on fears that the Federal Reserve’s recent actions could be coordinated with a large-scale refinancing program, Credit Suisse’s RMBS strategy team said in a note.
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Certain core assets in the European securitization market have increasingly become a buy-and-hold play for investors recently, with relatively stable spread levels leading to an exit of so-called “fast money” participants who heavily traded bonds during the 2007-08 crisis to capitalize on volatile spreads.
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JPMorgan Chase is said to have completed its sale of $1 billion in commercial mortgage-backed securities after it had difficulty finding buyers for the riskier tranches.
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A federal judge in Columbus, Ohio, has dismissed a lawsuit brought by five state employee pension funds against Standard & Poor’s, Moody’s Investors Service and Fitch Ratings over their ratings of mortgage-backed securities.
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The UBS securitization team may be relocating to Manhattan soon, despite shelved plans for a larger move of the bank’s entire Stamford, Conn., outpost back into the city, according to officials familiar with the strategy.
