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
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A clean-up sale for Victoria Finance, one of the last of the independent structured investment vehicles, will take place tomorrow.
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Citigroup is stepping back into conduit lending with plans to launch its own commercial mortgage-backed securitization in the coming weeks.
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The issuer of White Tower commercial mortgage securitizations could be headed for a technical event of default due to reporting covenants, one London-based financial services firm has warned.
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Ernst & Young’s resignation as auditor on White Tower 2006-3 was triggered by its provision of a qualified opinion on the issuer’s ability to continue as a going concern, the issuer revealed on Friday.
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The TCW Group is acquiring Metropolitan West Asset Management and in the process Jeffrey Gundlach, cio and lead portfolio manager of TCW’s high-grade fixed-income funds and accounts, will be leaving the firm.
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While condo and rental conversions represent only a small segment of CMBS securitized loan collateral, they have, in our opinion, been able to secure more than their fair share of negative headlines.
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Ernst & Young, auditor of the £1.15 billion ($1.90 billion) White Tower 2006-3 commercial mortgage securitization, has resigned from that role.
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Darrell Wheeler, former head of securitization research at Citigroup, has taken a new position at Austin, Texas-based Amherst Securities Group.
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Bonds from three commercial mortgage backed securitizations were rejected by the New York Federal Reserve in November’s TALF subscription period, spiking investor concern over the lack of clarity being offered by the Fed in its selection of legacy assets into the program.