Latest news
Latest news
Two deals in two months as activity returns for the first time since the Iran war began
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
More articles
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Nixon Peabody plans to expand its new securitization and structured finance practice into commercial mortgage-backed securities this year as the company sees activity picking up in that sector.
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Assured Guaranty has tapped Nicholas Proud, a London-based managing director in its structured finance division, to head the company’s international credit enhancement business.
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A bond backing a portion of Peter Cooper/Stuyvesant Town’s defaulted $3 billion senior mortgage was rejected by the New York Federal Reserve in December’s TALF subscription period.
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A flurry of new commercial mortgage-backed securitizations are seen as breathing life back into the stalled CMBS market, with investors and lenders welcoming the new activity and a more upbeat tone for 2010.
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The commercial mortgage-backed securities sector has gained substantial concessions in the latest version of a bill slated to rein in Wall Street, with H.R. 4173 carving out special rules for CMBS that allow third-party investors to satisfy the legislation's "retention risk" requirements.
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Demand held steady for December's subscription period for the New York Federal Reserve's TALF program, with investors requesting $1.3 billion in loans to buy legacy commercial mortgage-backed securities.
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Corporate revolver covenants are holding up Developers Diversified Realty's second commercial mortgage backed securitization, with the Beachwood, Ohio-based real estate investment trust reportedly needing a waiver from its primary lenders before it has access to any more secured debt.
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Noteholders of the €1.5 billion ($1.67 billion) Windermere XII commercial mortgage-backed securities have voted to appeal a decision by the French Commercial Tribunal, which has placed insolvency proceedings in the hands of the borrowers and the owners of the properties backing the deal.
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Markit plans to launch an evaluative pricing service for nonagency collateralized mortgage obligations in the first or second quarter.