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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Aegon Levensverzekering N.V. returned to the residential mortgage-backed market Monday with Saecure 12, a securitization of Dutch home loans.
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Europe’s primary securitization market has seen a steady flow of new trades since the start of November, but the secondary market looks set to continue to be starved of paper until the year-end.
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Vericrest Financial’s most recent residential mortgage-backed securities deal, VOLT 2012-NPL3, features changes from the programmatic RMBS issuer’s previous deals.
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Bondholders in the German Residential Asset Note Distributor (GRAND) deal—the largest ever German multifamily commercial mortgage-backed securitization—have given the green light to Deutsche Annington Immobilien AG’s plan to restructure the stalled deal.
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NIBC Bank’s Sound I B.V. and Sound II B.V. Dutch residential mortgage securitizations will not see any immediate change in ratings following the replacement of the Royal Bank of Scotland and NIBC by Bank Nederlandse Gemeenten as liquidity facility provider, according to Moody’s Investors Service.
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The Commercial Real Estate Financial Council (CREFC) released CMBS 2.0, a set of best practice guidelines for the CMBS market, on Wednesday. Improved structuring practices and tighter spreads have raised hopes of more transactions next year, but Standard & Poor’s has warned there are still significant obstacles to a fully functioning market.
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Bank of Queensland is rolling out an AUD500 million ($516.7 million) Australian residential mortgage securitization that includes a sterling-denominated tranche—repeating a similar sterling play in an Aussie auto ABS launched earlier this year.
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The Prominent Funding No.1 U.K. commercial mortgage securitization will see its outstanding notes redeemed in full next month, with one loan remaining in the deal, a move welcomed by CMBS analysts in London.
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The Commercial Real Estate Financial Council released CMBS 2.0, a set of best practice guidelines for the CMBS market, on Wednesday. Improved structuring practices and tighter spreads have raised hopes of more transactions next year, but Standard & Poor’s has warned there are still significant obstacles to a fully functioning market.