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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Asset manager Van Eck Global has launched its Market Vectors Mortgage Real Estate Investment Trust Income Exchange-Traded Fund, focusing on mortgage REITs.
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Ally Securities is building up its presence in collateralized mortgage obligations, hiring away trader Bruce Graham from BNP Paribas and structurer Chris O’Bara from Normura Securities.
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Deutsche Bank analysts have revised upward its forecast for losses on commercial mortgage-backed securities sold between 2005 and 2008 from 8.7%, which it predicted in December, to 9.36%.
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Deutsche Bank is talking with banks and law firms about two new European commercial mortgage-backed securities deals, according to market professionals in London. -
The country’s 50 largest banks acquired an estimated $9 billion in mortgage-backed securities guaranteed by the federal government in the second quarter, while their non-agency MBS fell by $300 million, according to research by the National Information Center.
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U.S. District Judge Marian Pfaelzer has handed Bank of America a victory by consolidating eight lawsuits against the bank’s Countrywide Financial unit over mortgage-backed securities.
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Wall Street banks are said to be preparing to reduce their work force by 5% to 10% beginning as soon as September.
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Morningstar is on track to release its first ratings on residential mortgage-backed securities in the fourth quarter, according to Brian Grow, managing director.
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Knight Capital is looking to grow its home equity conversion mortgage-backed securities business, part of a strategy to aggressively pursue market share in the sector.
