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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A heavy glut of new issuance drove spreads wider on the benchmark AAA-rated bonds of a new conduit deal from a partnership between UBS and Barclays.
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ING Bank has preplaced the senior EUR1.365 billion ($1.825 billion) class A tranche from its Orange Lion 2013-9, only the third time that bonds from the Dutch residential mortgage-backed securities program has been sold to investors, and just a month after the previous trade in the series.
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The Spanish leisure complex backing the Heron City loan — securitized in Société Générale’s White Tower 2007-1 commercial mortgage securitisation — has continued to fall in value, but London-based analysts are optimistic of a higher sale price on the property. The prospects for the CMBS noteholders are still mixed, however.
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Mill Valley, Calif.-based Redwood Trust this week is marketing its third residential mortgage-backed securitization this year, a $600.21 million Sequoia Mortgage Trust 2013-3, underpinned by Redwood’s signature pool of prime, jumbo resi loans.
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The Spanish leisure complex backing the Heron City loan—securitized in Société Générale’s White Tower 2007-1 commercial mortgage securitization—has continued to fall in value, but London-based analysts are optimistic of a higher sale price on the property.
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SNS Bank has redeemed all of the outstanding bonds in Hermes 14 RMBS and is now turning its attention to another call date in March.
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UPP Group, a UK company that provides student housing, is planning a secured bond issue of about £375m, including fixed rate and inflation-linked debt.
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Santa Ana, Calif.-based Carrington Mortgage Holding Friday morning priced STWH 2013-NPL1, a $260 million securitization of non-performing residential mortgages.
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German real estate manager Corpus Sireo will take charge of the asset management of properties backing the Orange loan, securitized in the EUR1.076 billion ($1.437 billion) Talisman 6 Finance Plc commercial mortgage securitization.