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New deal types offer lower funding costs for property owners
Issuer's £280m deal was cleverly marketed
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The Federal Deposit Insurance Corporation is proposing to bar issuers from pocketing profits upfront from premium and interest-only commercial mortgage-backed securities.
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Adam Behlman, head of real estate finance for UBS, has left the firm. Details surrounding his departure could not be determined by press time.
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New York-based financial services firm BlackRock is making three basis points of the total nominal value of the Federal Reserve Bank of New York’s Maiden Lane II portfolio, the paper bought from insurance giant American International Group in 2008 at the height of the crash.
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Saudi Arabia’s Shura Council has proposed a sweeping overhaul of its current mortgage laws, giving the country a traditional mortgage system for the first time in an effort to boost the housing sector.
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Repayments of loans in European commercial mortgage-backed securities improved in March as Fitch Ratings’ CMBS Maturity Repayment Index rose from 38.4% to 40.3%.
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ABN Amro has agreed on a purchase price for its tender offer on the class E notes from its Smile 2005 synthetic collateralized loan obligation, following a one-week extension to the offer.
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Alexander Mortgage REIT, a new real estate investment trust set up by Angelo, Gordon & Co, will join other non-bank entities positioning to be a buyer and potential issuer in the revamped residential mortgage-backed securities sector.
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U.K.-based mortgage lender The Co-Operative Bank has said it will not call notes on three non-conforming residential mortgage-backed deals on their respective call dates for Leek 17, Leek 18 and Leek 19.
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The use of cash securitizations for lending activities among bank and non-bank lenders in the U.K. is expected to increase during the next three months.