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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Issuance of asset-backed securities fell slightly in the U.S. in the third quarter, but remains fairly strong in general, according to data provided for TSCI by Dealogic.
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Although Developers Diversified Realty sold $300 million on unsecured notes on Monday, the Cleveland-based retail real estate investment trust is still expected to complete a securitization under the Term Asset-Backed Lending Facility.
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Pamplona Capital Management has been cutting exposure in its $300 million Pamplona Credit Opportunity Fund as Portfolio Manager Yves Leysen believes paper is looking pretty expensive at the moment.
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The special servicers for the White Tower 2006-3 commercial mortgage-backed securities have taken the defensive move of installing Ernst & Young as the receiver for seven of the U.K. properties backing the deal.
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Cairn Financial Products, a London-based advisory firm, has resigned from representing the controlling class of class B noteholders of the White Tower 2006-3 commercial mortgage-backed securities.
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The New York Federal Reserve has accepted the entire batch of legacy commercial mortgage-backed securities bonds submitted for the September subscription period for the Term Asset-Backed Lending Facility.
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The National Association of Insurance Commissioners has approved commercial mortgage-backed ratings from Realpoint, designating the Horsham, Pa.-based rating agency as an acceptable rating organization.
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The recovery plan for the U.K. GEMINI (ECLIPSE 2006-3) £918 million ($1.49 million) commercial mortgage-backed securities may be finalized by the end of October.
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The commercial mortgage-backed securities market rallied strongly last week on changes to real estate mortgage investment conduit rules that give borrowers and special servicers more latitude to make loan modifications to troubled loans as well as the launch of TRX, a total return swap index that investors and dealers can use for hedging.