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 Senate Permanent Committee on Investigations has called on the Office of the Comptroller of the Currency to dismantle the Office of Thrift Supervision for its failure to act on lending and securitization risks before the onset of the financial crisis in 2008.
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The delinquency rate on loans in U.S. commercial mortgage-backed securities deals slipped 2 basis points last month to 9.16%, according to Moody’s Investors Service.
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Securitization broker-dealer Braver Stern Securities is seeking to replace five employees that have defected to Sandler O’Neill from its Chicago-based fixed-income sales and strategy desks, but is also “looking at alternatives,” according to Joseph Valentine, managing director, fixed-income trading.
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Extension requests for loans in European commercial mortgage-backed securities remains high with the proportion of total loans extended continuing to rise, according to Fitch Ratings.
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Performance of loans in European commercial mortgage-backed securities vary significantly by conduit program, according to Fitch Ratings.
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Paul Fisher, markets director at the Bank of England, called on U.K. banks to use mortgage-backed securities to boost liquidity after the central bank’s Special Liquidity Scheme expires next January.
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Wells Fargo is rumoured to be planning an investment arm to buy European asset-backed securities, similar to JPMorgan’s chief investment office, which has emerged as a major anchor of the region’s post-crash new issue market.
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Commercial real estate collateralized debt obligations aren’t finished forever, but they are going to look different, according to industry executives on a panel at Standard & Poor’s Commercial Real Estate Hot Topics Seminar in Times Square Tuesday.
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The Federal Reserve has announced formal enforcement actions against 10 banks over their “pattern of misconduct” and negligence related to residential mortgage loan servicing and foreclosure processing.