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CMBS

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  • German property company Gagfah is considering using a CMBS to refinance three multi-family housing portfolios from its NILEG subgroup ahead of the loans’ April 2014 maturity date.
  • ING Bank Australia is lining up the second prime Aussie residential mortgage securitization from its IDOL program this year.
  • Fannie Mae and Freddie Mac have launched the sale of a $155.2 million bidlist of multifamily-backed bonds from 2006-2008 vintages as part of a larger sales program mandated by the Federal Housing Finance Agency.
  • Normandy Mortgage Loan Company has tapped Wells Fargo to sell a $172 million residential mortgage-backed securities deal backed by non-performing loans later this week.
  • German property company Gagfah is considering using a commercial mortgage-backed securities deal to refinance three multi-family housing portfolios from its NILEG subgroup ahead of the loans’ April 2014 maturity date.
  • Bondholders of Brazilian oil and gas producer OGX could face a distressed debt exchange or similar restructuring as the company’s liquidity pressures reach critical levels, said Standard & Poor’s.
  • SNS Bank will redeem all of the outstanding notes in its Hermes XVI Dutch residential mortgage securitization on Oct. 18, the first optional redemption date.
  • German property company Gagfah is considering using a CMBS to refinance three multi-family housing portfolios from its NILEG subgroup ahead of the loans’ April 2014 maturity date.
  • Commonwealth Bank Australia has priced Medallion Trust Series 2013-2, its second residential mortgage securitization of the year, with each of the tranches upsized ahead of Friday’s pricing.