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 pipeline of primary market collateralized loan obligations could slow as the secondary market for paper cools off amid market turmoil tied to the Greek sovereign debt crisis.
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Northern Rock has placed £546.1 million ($872.5 million) of A2 notes from its Gosforth Funding 2011-1 residential mortgage-backed deal.
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Noteholders in the German Residential Asset Note Distributor (GRAND) CMBS has appointed Rothschild as an adviser to discuss possible refinancing options. Grand is the largest CMBS in Europe — a Eu5.82bn deal secured on German multi-family units owned by Deutsche Annington.
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Real estate investment trust American Capital Agency (NASDAQ, AGNC) today sold $1 billion in equity, the latest in a string of secondary capital raises among mortgage REITs in the last month.
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Lower-coupon agency bonds are trading at some of the lowest levels since their inception, Scott Simon, agency mortgage trader at Pacific Investment Management Company, told TS.
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A severe lack of collateral in the prime residential mortgage market is holding up issuance of new residential mortgage-backed securities, according to William Moliski, managing director at Redwood Trust.
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Scott Eichel, former co-head of asset- and mortgage-backed securities trading at Bear Stearns, hasn’t looked back since the 85-year-old institution was absorbed by JPMorgan at the height of the subprime mortgage meltdown for just $10 a share. -
Secondary bids in European asset-backed securities have seen “significant” softening in the past couple of weeks as market professionals flee riskier assets, according to a London-based ABS trader at a U.K. investment bank.
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Citigroup is urging regulators to reconsider plans to force securitizers to keep a slice of risk in deals they structure, saying the plan lacks full analysis and is too broad and confusing.
