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
More articles
-
Banco Santander Totta’s recent novel tender offer, in which it offered to buy back three classes of residential mortgage-backed notes in exchange for exposure to a covered bond, has been spurned by most bondholders.
-
U.K. buy-to-let lender Paragon has mandated Lloyds Bank, Macquarie Bank and Morgan Stanley as joint lead managers on Paragon Mortgages 17, the firm’s first new issue of buy-to-let RMBS in a year.
-
CMBS noteholders in four transactions could lose money because of properties being undervalued ahead of potential sales, according to Royal Bank of Scotland analysts.
-
A weekly roundup of securitization sectors with year-to-date totals in ABS, CMBS, RMBS and CLOs in the US and Europe. -
The London & Regional Debt Securitisation (LORDS) No. 2 U.K. commercial mortgage-backed trade has been downgraded by Moody’s Investors Service, with the underlying loan predicted to see losses stemming from lease expiries and growing vacancy rates in the properties.
-
Deutsche Bank’s DECO 2011-CSPK commercial mortgage securitization—the first post-crisis European CMBS—could be set for an imminent prepayment if the sale of the underlying Chiswick Park business park goes ahead.
-
Bids-Wanted-In-Competition activity points to sustained demand for U.K. prime residential mortgage-backed names, as new issue markets remain quiet, according to traders in London.
-
In a market littered with extensions and defaults, CMBS investors now have another risk to contend with — prepayment. The development comes after Blackstone was reported to be preparing to sell Chiswick Park, the property backing the first post-crisis CMBS. That makes it likely that noteholders will be prepaid ahead of the 2016 expected maturity.
-
Former Sandler O’Neill & Partners managing director and head of mortgage strategy Scott Buchta has joined boutique investment banking firm Brean Murray, Carret & Co. as head of fixed income strategy.
