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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Yield-hungry U.S.-based investors are being courted by European issuers to buy new residential and commercial mortgage-backed securities deals.
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American Home Mortgage Servicing’s $1.45 billion advanced trust residential mortgage-backed securitization, AHM SART 2011-1, closed Tuesday, according to two bankers with knowledge of the transaction. Deutsche Bank structured the private,144a transaction, which comprised a revolving pool of receivables on advances made on mostly subprime loans. The collateral will be culled from 157 RMBS trusts serviced by AHM.
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MarketAxess, an electronic trading provider of U.S. and European asset-backed securities, is adding consumer ABS to its e-trading platform.
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Deutsche Annington Immobilien, the borrower in the €5.5 billion ($7.8 billion) German Residential Asset Note Distributor commercial mortgage-backed securitization, is sounding out noteholders about a potential restructuring, according to market professionals in London.
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Defaults on large loans in Japanese commercial mortgage-backed securities continue to rise, accounting for 59% of the total outstanding loans at the end of April, according to Moody’s Investors Service.
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American International Group has purchased about 50% of the legacy bonds sold by the Federal Reserve Bank of New York from Maiden Lane II since February.
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Credit Suisse has scooped up Roger Lehman, the head of commercial mortgage-backed securities research away from Bank of America, as part of its move to reboot its CMBS group (TS, 4/21).
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Broker-dealer MF Global Holdings has added three new sales recruits to its securities team in the advent of a four-fold expansion as it builds up its mortgage- and asset-backed securities team.
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Defeasance among loans in U.S. commercial mortgage-backed securities surged in 2010 to 2.8 billion, up from $1.3 billion the preceding year, according to Moody’s Investors Service.