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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An improved version of the Securities and Exchange Commission’s existing 17g-5 reform would be better for the securitization industry than section 939F of the Dodd-Frank Act—the so-called Franken Amendment, the American Securitization Forum said in comments it shipped off today.
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Jamie Dimon, ceo of JPMorgan Chase, says the tougher capital requirements imposed by the Basel Committee on Banking Supervision are “blatantly anti-American.”
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The 30-day delinquency rate for loans in U.S. commercial mortgage-backed securities rose 25 basis points in the second quarter to a record 9.43%, according to the Mortgage Bankers Association.
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President Barack Obama’s plan to invigorate the housing market and the economy by calling on lenders to allow homeowners to refinance at a lower rate is expected to hit investors in mortgage-backed securities.
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U.K. borrowers are getting more breathing room on loans included in commercial mortgage-backed securitizations than elsewhere in the region, with U.K. servicers often opting to staving off loan enforcements until a mortgage hits its maturity, according to a study by Bank of America-Merrill Lynch.
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Ring-fenced U.K. retail banks may be barred from originating, trading, lending and market-making in asset-backed securities on behalf of clients, under new recommendations set out Monday by the U.K. Independent Commission on Banking.
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Fannie Mae and Freddie Mac now account for the largest proportion of issuance of U.S. multifamily commercial mortgage-backed securities, according to Standard & Poor’s.
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A loan securitized in the EUR1.5 billion ($2.05 billion) commercial mortgage-backed securities deal Windermere X has come out of special servicing after the borrower E-Shelter GmbH & Co. cured outstanding payments that sparked an event of default in May.
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Demand for AA and A paper in Northern Rock’s U.K. Granite residential mortgage-backed securitization has picked up in the past week, with dealers looking to investors to take on longer-dated positions as confidence grows.