Latest news
Latest news
Blackstone is targeting a quicker than usual three day execution
Triple-As were priced at 170bp over Sofr, close to guidance
US market remains the model as template issuance takes shape
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Class ‘A2’ noteholders in Cornerstone Titan 2007-1, one of Europe’s largest conduit CMBS transactions, could eventually face principal losses depending on how the 18 remaining loan workouts progress, according to Barclays CMBS analyst Christian Aufsatz.
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Fitch Ratings is telling investors to beware declining underwriting standards in commercial mortgage-backed securities loans, echoing similar statements made by Moody’s Investors Service in recent weeks.
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Redwood Trust has raised credit enhancement slightly in its most recent residential mortgage-backed securities offering, raising some eyebrows on the real estate investment trust’s sixth private-label RMBS of the year.
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There are strong hints of new issuance from the U.K. prime residential mortgage securitization market—which has so far laid dormant this year—during the second quarter.
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Natixis has successfully priced the year’s first new issue non-conforming residential mortgage securitization, Virgil Mortgage No. 1.
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Deutsche Bank will meet with investors in London later this month to gauge interest in a new issue from Australian lender Suncorp’s APOLLO Australian Residential Mortgage-Backed Securities program.
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Loans backing commercial mortgage-backed securities deals are averaging a 100% loan-to-value ratio according to Moody’s Investors Service’s credit standards.
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Australian mortgage lender Pepper Home Loans returned to the securitization market at the end of last week, raising AUD350 million ($367.5 million) from a non-conforming deal—and managing to slash its pricing compared to where it closed a similar deal a year ago.
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Rabobank subsidiary Obvion’s latest STORM RMBS, its second of the year, has become the tightest securitization of non-guaranteed Dutch mortgages since the financial crisis, extending STORM’s standing as the leading programme in the Dutch market.