Latest news
Latest news
US market remains the model as template issuance takes shape
Deal is backed by three data centers in Virginia, Illinois and Atlanta
Tightest CMBS print in nearly a year ahead of Yondr data centre ABS debut
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Blackstone’s sale of Chiswick Park, the west London business park that was the underlying asset in Europe’s first post-crisis CMBS, to the China Investment Corporation will not trigger a prepayment of the outstanding CMBS debt, according to analysts at Bank of America Merrill Lynch.
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The Qualified Mortgage rule has gone into effect, and as bank portfolio lenders up their bid for non-compliant mortgages, smaller and non-bank lenders are looking deeper into credit to stake their claim.
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Markit will launch the latest iteration of CMBX, its commercial mortgage-backed securities derivatives index, at the end of January.
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Fannie Mae is targeting next month for a second round of bond issuance designed to offload mortgage debt and share credit risk with investors, according to a person with direct knowledge of the deal. It would be the fourth risk-sharing transaction between Fannie Mae and Freddie Mac.
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NVM, the Netherlands’ real estate broker association, has released fourth quarter housing market data that provides the first quantifiable signs of a Dutch housing market recovery.
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American Homes 4 Rent will use the Jan. 21-24 ABS Vegas 2014 confab to amp investors before initiating a sale of bonds backed by single-family rental properties.
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VTB Capital has closed a RUB8.2 billion ($247.76 million) securitization backed by a portfolio of mortgages from Russia’s Absolut Bank. It managed to price the bonds at a lower coupon than for a similar deal put together for the same originating bank in April 2013.
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Real estate investment trusts American Homes 4 Rent and American Residential Properties are both poised to tap the single-family REO-to-rental securitization market, helping to solidify the long-term sustainability of the sector, according to Morgan Stanley.
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Cantor Commercial Real Estate’s chief executive is predicting commercial mortgage-backed securities issuance will top $125 billion in 2014, a $35 billion jump from 2013, as more borrowers tap the floating-rate and large loan markets.