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 prospects for class actions brought by investors in mortgage-backed securities is brightening as courts now appear to be brushing off defense motions to dismiss the cases.
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The Prominent Conduit No. 2 synthetic commercial mortgage-backed securitization has suffered another bankruptcy credit event after one of the loans underpinning the £454.3 million ($743.8 million) deal failed to pay a notice of demand.
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Issuers of U.K. master trust residential mortgage-backed securities may find it tougher to place paper with U.S. investors—which have become an important part of the investor base recently—as result of the recent market volatility
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Goldman Sachs and Citigroup are said to have retained Moody’s Investors Service to rate the $1.5 billion commercial mortgage-backed securities after Standard & Poor’s refused to do so last month.
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Initial price talk on Springleaf Financial’s $432 million residential mortgage-backed securitization is 200 basis points over three-year swaps for the $292 million AAA tranche, according to three investors looking at the offering.
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The return of the super-senior structure in commercial mortgage-backed securities deals could be a net negative for the industry, according to researchers at Citigroup Global Markets.
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Servicers in the U.K. commercial mortgage-backed securities market are expected to take an increasingly tougher line on deals approaching their maturity dates, according to structured finance analysts in London.
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The issuers of the Stichting Holland Homes Oranje I and II Dutch 2006-vintage residential mortgage securitizations have pitched a restructuring of both deals’ class A notes after the seniors were earmarked for downgrade.
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The primary market may have seen new issuance volumes flatline this month, but as we settle into the second half of August, it’d be wholly wrong to characterize the past few weeks as a typically-sleepy securitization summer.
