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Latest news
US market remains the model as template issuance takes shape
Deal is backed by three data centers in Virginia, Illinois and Atlanta
Tightest CMBS print in nearly a year ahead of Yondr data centre ABS debut
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Servicer Hatfield Philips has declared loan events of default for the Apple loan in the Talisman 6 CMBS, a deal backed by German retail assets, and the Reindeer loan in Talisman 5, as both loans hit their extended January 2013 maturities without being paid off.
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Constraints on European residential mortgage-backed securities ratings are shifting, with sovereign pressures and counterparty issues posing an increasingly larger risk to ratings, Standard & Poor’s said Wednesday.
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Rabobank subsidiary Obvion is back in the market with a new issue of Dutch residential mortgage-backed securities from its STORM shelf.
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Spreads on lesser-quality, peripheral names in European securitization have continued to tighten, as investors look outside their comfort zones for paper amid lack of supply, and some market officials think the stage is set for a steep gapping out.
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ING Bank has preplaced Orange Lion 2013-8 RMBS B.V., a securitization of Dutch residential mortgages.
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Private equity company Northwood Investors, the new junior lender in Irish CMBS Opera Finance CMH, has called for discussions with noteholders on potential recovery plans. The company has hired Brookland Partners to act as its financial adviser in the process.
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NIBC Bank is preparing to come to market with Dutch MBS XVIII, a EUR526.5 million ($702.9 million) securitization of Dutch residential mortgages.
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Private equity company Lone Star, the main junior noteholder in Windermere XIV, has failed in its second attempt to change the special servicer on the transaction. It’s proposal again failed by margin of less than 5% — though by a larger margin than in December.
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Market players say Bank of America could be in the market again soon to offload another $100-200 billion in servicing rights, and that other banks could follow their lead after the bank sold $300 billion of residential mortgage servicing rights to Nationstar Mortgage and Walter Investment.