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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Lehman Brothers Holdings has decided that it will not appeal a U.S. Bankruptcy Court ruling that upheld the sale of its North American business in 2008 to Barclays Capital.
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The Federal Reserve’s announcement that it would reinvest proceeds from its mortgage-bond securities into the market has spurred a rally in the MBS market.
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Rep. Lloyd Doggett (D-Texas) is pressing Ben Bernanke, the Federal Reserve chairman, to make public, as required by the Dodd-Frank Act, a report by the central bank of bank compensation structures and what the Fed has done about executive bonus and incentive programs at the large banks.
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London-based Bishopsfield Capital Partners has hired Arjan van Bussel from the Royal Bank of Scotland as a partner in the firm’s structured finance advisory team, with a focus on commercial real estate capital markets.
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An attorney for a group of 22 mortgage bond investors involved in a settlement with Bank of America told a federal judge the proposed $8.5 billion mortgage-backed securities pact was very positive.
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Some investors stayed away from the newest residential mortgage-backed securitization from Redwood Trust, the $368 million Sequoia Mortgage Trust 2011-2, because it carried credit ratings from just one agency, Fitch Ratings.
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Moody’s Investors Service has downgraded Bank of America, Citigroup and Wells Fargo as a result of the declining probability that the federal government would bail them out again in a future crisis if necessary.
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The lawsuits filed by the Federal Housing Finance Agency on behalf of Fannie Mae and Freddie Mac against 17 banks over their marketing of mortgage-backed securities are seen as weak.
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The Association of Financial Guaranty Insurers says Credit Suisse has been misleading by understating its obligation to buy back bad loans packaged into mortgage-backed securities that the Swiss bank issued.