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.S. Department of the Treasury plans to start selling off its $142 billion portfolio of agency residential mortgage-backed securities, with the first batch of $10 billion expected this month.
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European banks are still in the dark about key aspects of the next round of stress testing, which gets under way this month.
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The U.K.’s Financial Services Authority has released its guidance for advisers on assessing suitability for funds for clients.
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Smaller players in the U.K. and European mortgage sector, such as retail banks and building societies, are being tipped to contribute to a healthy flow of residential mortgage-backed securities issuance this year.
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Insurance firms have been slowly squeezed out of the prime consumer asset-backed securities market as yields on senior auto and credit card senior bonds have shrunk.
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As CMBS market participants confront restructurings in legacy deals, servicers are taking a more active approach — meaning a tougher line with borrowers, and more independence.
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The situation in Japan and the Middle East should have lead to a greater “flight-to-quality,” with investors moving their investments into the safe havens of the consumer credit market, according to traders.
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US Bancop has been sued by Woodmen of the World, a Nebraska-based insurer, for $47 million in losses it claims from investments in mortgage-backed securities.
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Jamie Dimon, ceo of JPMorgan Chase, says the largest lenders in the U.S. would unintentionally benefit the most from an exemption of rule under the Dodd-Frank Act requiring banks to retain 5% of the loans they securitize.