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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White Tower 2006-3, the troubled UK office CMBS subject to a tax claim by HM Revenue and Customs, drew on its liquidity facility to pay interest last week.
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The insolvency case that has embroiled French CMBS Windermere XII may affect ratings of other securitisations in the jurisdiction that do not use the fonds commun de titrisation (FCT) structure for their borrowers.
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The European Union’s plans to strengthen credit ratings agency regulation could taint structured finance transactions and undermine ratings that have already been issued, lawyers and bankers said.
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A sharply different approach to reforming credit rating agencies from the one Capitol Hill has been working on won support Tuesday from House Financial Services Committee Chairman Barney Frank (D-Mass.).
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The European Union parliament’s credit ratings agency requirements are to be made official by the end of this week, with national governments given six months from Nov. 20 to start enforcement.
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Wilbur Ross came out as bearish on the commercial real estate market in his keynote speech today.
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Commercial mortgage-backed White Tower 2006-3 has paid down noteholders using the deal’s special liquidity facility instead of rent money collected from the senior loan.
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Greg Branch, managing partner with Scio Capital, plans to invest in European asset-backed securities, collateralized debt obligations and credit default swaps when his new fund starts trading soon.
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A number of securitization market participants are lobbying bank regulators to consider a phase-in period for risk-based capital requirements that are set to go into effect on January 1, the same time that the Financial Accounting Standards Board will implement FAS 166 and FAS 167.