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CMBS

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  • The latest data on the Bank of England’s Funding for Lending Scheme showed that net lending since the start of the scheme is still down by £2.3 billion ($3.57 billion) overall, despite the first quarter of net lending growth.
  • A final qualified residential mortgage rule is likely to feature some down payment minimum and loan-to-value ratio limit, despite federal regulators removing those requirements in a revised proposal issued this week, market participants told SI.
  • AMP Bank has launched its first Australian residential mortgage-backed securities deal of the year, the AUD500 million ($446.47 million) Progress 2013-1 Trust.
  • Luxembourg-based BGP Investment is said to be closing a new €386m privately placed German multifamily commercial mortgage securitization, which refinances Quokka Finance Plc, a legacy €617.5m CMBS from 2006 that matured earlier this month.
  • Clydesdale Bank’s residential mortgage-backed securities programs Lanark Master Trust and Lannraig Master Issuer face increase risks over payment disruption and commingling after the bank’s recent downgrade, according to Moody’s Investors Service.
  • Bookrunner Wells Fargo priced a non-performing loan residential mortgage-backed securities deal from Carrington Capital Management.
  • Luxembourg-based BGP Investment S.à r.l. is said to be closing a new €386m privately placed German multifamily commercial mortgage securitization, which refinances Quokka Finance Plc, a legacy €617.5m CMBS from 2006 that matured earlier this month.
  • Luxembourg-based BGP Investment S.à r.l. is said to be closing a new EUR386 million ($514.7 million) privately-placed German multifamily commercial mortgage securitization, which refinances Quokka Finance Plc, a legacy EUR617.5 million ($822.6 million) CMBS from 2006 scheduled to mature earlier this month.
  • ING Bank Australia priced the second prime Aussie residential mortgage securitization from its IDOL program on Monday.