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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Bids in the asset-backed securities secondary market have started to soften because few clients are willing to sell into a market that offers little prospect of reinvestment. But some traders expect the very positive tone in equity and other credit markets to gradually seep into ABS and encourage more flows.
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The mortgage market could face longer-term impacts following the Federal Housing Finance Agency’s announcement Tuesday of plans to form a unified securitization platform for Fannie Mae and Freddie Mac, even if the market saw no immediate pricing reaction in the agency residential mortgage-backed securities markets.
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Spreads on top-rated, 10-year commercial mortgage backed securities widened out three basis points for the latest conduit, JPMCC 2013-C10, issued by JPMorgan on Friday, according to sister publication Real Estate Finance Intelligence.
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Three major U.K. securitization issuers — Barclays, Lloyds Banking Group and Nationwide Building Society — took more funding from the Bank of England’s Funding for Lending Scheme in the fourth quarter of last year, according to sister publication Euroweek Structured Finance Weekly.
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January proved to be as tricky as analysts expected for European commercial mortgage-backed securities loan maturities, with 72% of loans failing to meet their obligations, according to rating agency Standard & Poor’s.
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Bondholders across all tranches of the Opera Finance (CMH) commercial mortgage securitization will meet this week to discuss a number of restructuring proposals on the underlying debt.
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Bondholders across all tranches of the Opera Finance (CMH) commercial mortgage securitisation will meet this week to discuss a number of restructuring proposals on the underlying debt.
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January proved to be as tricky as expected for European CMBS loan maturities, with 72% of loans failing to meet their obligations, according to rating agency Standard & Poor’s. The number of loans in delinquency or special servicing is at an all-time high as a result.
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ABN Amro has launched and retained a new issue of residential mortgage-backed securities from its Goldfish Master Issuer program, which securitizes Dutch home loans guaranteed under the government’s National Hypotheek Garantie program.