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 residential mortgaged-backed securities market is buzzing over a list of more than 130 bankers named in a series of complaints lodged by the Federal Housing Finance Agency against banks it alleges sold bad RMBS to Freddie Mac and Fannie Mae. -
The American Securitization Forum is concerned a new ordinance approved today by Chicago’s City Council will set a “costly nationwide precedent,” for mortgage servicers possessing vacant properties.
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Top rated bonds in U.K. lender Bradford & Bingley’s Aire Valley Master Trust are being highlighted as a strong buy-and-hold investment compared to certain U.K. prime RMBS, according to a study by Bank of America-Merrill Lynch analysts.
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The loan servicer in the troubled Alburn Real Estate Capital 6 U.K. commercial mortgage-backed securitization is calling for a fresh bondholder meeting to try to hammer out a resolution on the stalled deal.
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James Campbell, former director of servicer oversight at Deutsche Bank, has left for a new post at Vericrest Financial, the renamed servicing arm of CIT Group.
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A sudden flood of asset-backed securities on Europe’s secondary market could place further widening pressure on spread levels in the region, analysts at Henderson Global Investors have warned.
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Structured finance lawyers are working to bring covered bonds to emerging markets in Eastern Europe, borrowing securitization technology in the absence of local legislation to facilitate the new sector.
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The U.S. Securities and Exchange Commission is considering getting rid of real estate investment trusts’ tax-free status and their ability to lever, something Janaki Rao, agency mortgage strategist at Morgan Stanley, said would be a major problem for the residential mortgage-backed securities market.
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Commercial real estate exposure remains the man driver behind problem loans for banks that collapsed in August, according to Trepp.
