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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George Osborne, the U.K.’s Chancellor of the Exchequer, has thrown his support behind the Independent Commission on Banking proposals that would require high street banks to ring fence their retail operations to minimize risk of a future crisis.
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Mario Draghi, governor of the Banca D’Italia and chairman of the Financial Stability Board, has criticized European and U.S. banks for trying to weaken new rules adopted by the Basel Committee on Banking Supervision.
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Japanese commercial mortgage-backed securities transactions were involved in more than 90% of negative rating actions in the Asia-Pacific in 2010, according to Fitch Ratings.
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Trustees administering residential mortgage securities could demand changes to securitization documentation if investigations from the New York and Delaware state’s attorneys-general lead to litigation, according to market participants.
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Europe’s securitization sector must move beyond comparisons to the market heyday when focusing on its nascent recovery, panelists said Tuesday at a packed morning session at the Global ABS conference in Brussels. -
Asset manager Stone Tower Capital will be taking the remaining scraps from its structured investment vehicle, Axon Financial Funding, to public auction June 30 in its second attempt to liquidate the structure since its 2007 default.
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The percentage of loans in commercial mortgage-backed securities paid off at maturity dropped to 34.9% in May, down 13 basis points from April and below the 12-month average of 39.4%, according to Trepp.
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Delinquencies in loans in U.S. commercial mortgage-backed securities inched up only 6 basis points in May to 8.81%, according to Fitch Ratings.
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A loan securitized in the £401 million ($652.3 million) Equinox (Eclipse 2006-1) U.K. commercial mortgage-backed securitization has been placed into special servicing following a payment default by the borrower.
