Latest news
Latest news
Rating cut as note pays more interest than planned
Inflation caused by war threatens budding recovery in commercial real estate
The rise of the European master trust and the CLO market nears shut down
More articles
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Large institutional investors in single family rental properties are crowding out first-time home buyers who cannot compete with investors’ cash offerings, according to a letter and report signed last week by freshman Congressman Mark Takano (D-Calif.), who is requesting a hearing into the business.
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European CMBS loans reached their lowest rate of repayment for two years in the fourth quarter of last year, driven by the high leverage and lower quality of the under properties, according to Moody’s.
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The outlook for commercial real estate and commercial mortgage-backed securities is not as bright as the recovery in fundamentals suggests and there could be trouble ahead for the asset class if things continue in the same direction, according to market pros at ABS Vegas.
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One lesson the mortgage industry learned during the recent financial turmoil: documentation matters.
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Securitization professionals should expect long-awaited clarity on Regulation AB II in February at an open meeting of the Securities and Exchange Commission, according to former SEC chair Chris Cox at an industry conference in Las Vegas.
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European CMBS loans reached their lowest rate of repayment for two years in the fourth quarter of last year, driven by the high leverage and lower quality of the under properties, according to Moody’s.
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The regulatory pipeline for securitization this year may be just as busy as 2013, but residual risks could impact issuers and buyers in ways unexpected and overlooked, legal and policy analysts agree.
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Big private-equity backed lenders are filling a void left by banks, writing loans to small and middle market rental investors that would go into novel securitizations with features close to commercial mortgage-backed securities.
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The servicer and senior noteholders in Theatre (Hospitals) No 1 and No 2 CMBS, which are backed by a portfolio of 35 care homes in the UK, have approved a final extension of the loan maturity date to April this year. Stakeholders will need to agree on a restructuring plan by then or the loan will be enforced.