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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Credit Suisse is beefing up its bond platform to compete with the two major legacy platforms still widely used by the Street.
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A property underpinning Morgan Stanley’s €1.1 billion ($1.57 billion) pan-European commercial mortgage-backed securitization Vulcan (European Loan Conduit 28) is to be offloaded, with the proceeds applied to the notes on next month’s payment date.
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After closing the first two post-crisis CMBS deals, Deco 2011 CSPK and Eirles Two Ltd Series 355, CMBS specialists say that Deutsche Bank could be poised to make a return to the capital markets soon after the summer break.
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Now is a good time to sell the Fannie Mae 4 butterflies and scoop up some relative value as the trade enjoys a low risk exposure, according to Morgan Stanley analyst Janaki Rao.
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Banco Santander is issuing a €1.8 billion ($2.56 billion) Spanish residential mortgage-backed deal, known as Santander Hipotecario 7, but the transaction is likely to be retained as investors continue to be spooked by Spanish asset-backed paper, according to a senior syndicate official in London.
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Bank of America-Merrill Lynch’s $8.5 billion settlement last week will have investors strategizing about which residential mortgage-backed securities could get putbacks next, market players say.
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A large mortgage originator is looking to sell into the market a $55 million whole loan portfolio of jumbo high-quality mortgages in a bid to test investor appetite for future private-label residential mortgage securitizations, according to an investor at a life insurance firm.
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The delinquency rate for loans 30 days or more past due in U.S. commercial mortgage-backed securities plunged 23 basis points in June to 9.37%, according to Trepp.
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Allstate Insurance has filed suit against Morgan Stanley, charging the investment bank that it “knew or recklessly disregarded that those lenders were issuing high-risk loans that did not conform to their respective underwriting standards.”