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
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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.
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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.
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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.
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Bookrunner Wells Fargo priced a non-performing loan residential mortgage-backed securities deal from Carrington Capital Management.
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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.
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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.
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ING Bank Australia priced the second prime Aussie residential mortgage securitization from its IDOL program on Monday.
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European CMBS issuance is forecasted to reach €6.5bn this year — over double the €3.2bn in 2012 — but most outstanding loans are unlikely to be refinanced in the CMBS market, said Standard & Poor’s this week.
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New-issue European commercial mortgage-backed securities are forecast to reach EUR6.5 billion ($8.68 billion) for year-end—over double that of 2012’s total of EUR3.2 billion ($4.28 billion)—but Standard & Poor’s analysts warn the “vast majority” of outstanding loans in the region are unlikely to be refinanced via the CMBS market.