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 U.K.-based Co-Operative Bank has priced its Silk Road Finance Number Two U.K. residential mortgage-backed securitization.
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The noteholder steering committee in the troubled €1.01 billion ($1.46 billion) Opera (Uni-Invest) Dutch commercial mortgage securitization has disbanded after it failed to reach agreement on a resolution plan.
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European asset-backed securities have rallied in recent days following last week’s vote in the Greek parliament in favor of tougher cost-cutting measures, though weakness in secondary trading still remains.
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The market is still sifting through what Bank of America-Merrill Lynch’s announced settlement with investors means for the market, but senior positions on residential mortgage securitizations got an immediate bounce, climbing four points, according to traders and portfolio managers.
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The Office of the Comptroller of the Currency is forcing banks to conduct a self review of mortgage foreclosure and servicing standards to ensure bank practices line up with the government’s guidelines.
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U.K. mortgage lender West Bromwich Building Society has mandated Barclays Capital and Citigroup to joint lead-manage a new prime residential mortgage-backed securitization called Kenrick 1.
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U.K. property developer MEPC will fully refinance its £470 million ($752.4 million) loan securitized in the Opera Finance (MEPC) commercial mortgage-backed securitization later this month, a year ahead of the July 2012 loan maturity date.
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Analysts at Société Générale argued this week that Deutsche Bank’s Chiswick Park CMBS deal did not deserve to be called a market re-opening, while Deutsche’s real estate team will be hoping it was, as they market the repackaged Eirles Two 355 CMBS.
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Austin-based broker dealer Tejas Securities Group is expanding into high-grade securitization, appointing Samir Shah, former head of asset and mortgage-backed securities at MF Global, to its sales and trading desk.