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 Federal Housing Finance Agency’s Distressed Asset Recovery Program, in which the regulator would sell off Fannie Mae and Freddie Mac real estate owned houses to investors on the condition they turn them into rental properties, would help U.S. home prices stabilize and could draw big money, according to Dale Westhoff, global head of securitized products research at Credit Suisse.
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Covered bonds have edged ahead of residential mortgage-backed securities for U.K. banks looking for secured funding this year, although RMBS is still being tipped for a re-emergence, according to London-based securitization analysts.
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More than $5 billion in consumer asset-backed securities and $2.5 billion in commercial mortgage-backed securities hit the primary U.S. market this week, with investors at the ready to take down the sudden influx of paper.
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Natixis is rolling out a EUR 5.9 billion ($8.1 billion) mortgage-backed securitization of residential home loans originated in France by lender BPCE Home Loans.
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A number of the assets in a defaulted portfolio loan in Barclays Capital’s debut synthetic commercial mortgage-backed securitization, Eclipse 2007-2 (Juno), have sold in a liquidation sale, with the larger parcel fetching a 170% premium above the latest valuation and the remainder attracting a 25% increase.
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JPMorgan has floated price guidance for the publicly registered tranches of its upcoming $1 billion commercial mortgage-backed securitization, but has held off on details of the offering’s lower-rated tranches.
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Executives at Two Harbors Investment Corporation, a real estate investment trust, aren’t worried about new rules proposed by the Securities and Exchange Commission that threaten to wipe away the sector’s coveted tax exemption and ability to lever.
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Morgan Stanley and Bank of America have priced MSC 2011-C3, a $1.5 billion commercial mortgage-backed securities deal, tightening pricing on the offering’s AAA-rated $291.1 million 10-year A4 bonds by 10 basis points from the low end of revised guidance.
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The U.K. prime residential mortgage-backed securities sector is expecting a boost following the successful pricing Wednesday of Santander U.K.’s Holmes 2011-3.