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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BNP Paribas Personal Finance released initial guidance on its Dutch residential mortgage-backed trade Phedina Hypotheken 2013-1—the first Phedina trade in two years—on Tuesday morning.
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The surge in bids-wanted-in-competition (BWIC) lists has continued this week, with a diverse list of residential and commercial mortgage-backed securities and collateralized loan obligations scheduled for Wednesday.
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Standard & Poor’s is joining Moody’s Investors Service and Fitch Ratings in warning investors over what it believes are deteriorating underwriting standards in commercial mortgage-backed securities, sister publication Real Estate Finance Intelligence reports.
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Spanish mortgage provider Union de Creditos Inmobiliarios bought back slightly more than the EUR300 million ($396.8 million) of residential mortgage-backed securities that it originally targeted, helped in part by Spanish RMBS cash prices falling during the tender offer period.
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BNP Paribas Personal Finance’s Dutch residential mortgage-backed trade Phedina Hypotheken 2013-1 will price later this week, with the deal—the first Phedina trade in two years—said to be benefitting from a dearth of issuance in the market.
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Holders of Seat Pagine Gialle’s 2017 bonds are meeting to elect a common representative for the company’s looming restructuring process.
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One of the municipalities freshly considering a plan to use eminent domain to seize underwater mortgages may buck industry concerns and move ahead with it, according to a public official examining the maneuver.
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FirstMac priced its five-tranche Australian residential mortgage-backed securities deal, which included a £92 million ($142.81 million) sterling tranche, while Credit Union Australia made a solid start to the bookbuild for its Harvey Trust 2013-1 RMBS.
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Clydesdale Bank priced its Lanark 2013-1 U.K. residential mortgage securitization on Friday afternoon.