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CMBS

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  • Secondary trading in residential mortgage-backed securities has enjoyed an improved tone this week with more buyer interest in paper, though traders said this was against a backdrop of low flow volumes.
  • Commercial mortgage-backed securities issuers are preparing to get back into the conduit market after a nearly two-week lull in issuance.
  • ING Bank has privately placed Orange Lion 2013-10 B.V., a securitization of prime Dutch residential home loans which feature a longer weighted average life aimed at clearing EUR2 billion ($2.57 billion) worth of mortgages from the firm’s balance sheet.
  • About $100 trillion in already illiquid investments—including securitizations—are subject to an outdated infrastructure that further limits liquidity and transparency, according to DealVector Co-Founder and COO Dave Jefferds.
  • The troubled Irish CMBS Opera Finance (CMH) is set for enforcement after special servicer Hypothekenbank Frankfurt appointed receivers to carry out a sale of the underlying properties.
  • The troubled Irish CMBS Opera Finance (CMH) is set for enforcement after special servicer Hypothekenbank Frankfurt appointed receivers to carry out a sale of the underlying properties.
  • Russia’s Promsvyazbank has closed its first ever securitization of mortgages, providing another sign of the growing asset-backed market in the country.
  • Leeds Building Society overcame a difficult market backdrop to price its debut public Albion residential mortgage-backed securities within a price range that was similar to the all-in cost that it would have paid using the U.K.'s Funding for Lending Scheme.
  • A $137 million loan originated on a 30-property office portfolio in 2005 has been modified with an A/B hope note structure and had its final maturity pushed out to November 2019.