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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Two properties underlying Deutsche Bank’s 2007 commercial mortgage-backed securities trade DECO 12-UK 4 were sold in recent weeks.
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Fitch Ratings says it is in the process of extending its rating methodology for commercial mortgage-backed securities in Europe, the Middle East and Africa, to insurers and other non-bank firms.
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Morgan Stanley is shopping MSC 2012-STAR, a new single-asset commercial mortgage-backed securities deal, at price guidance of 125-130 basis points over swaps for the A-2 senior class of bonds—a tightening of 20-25 basis points from the last single asset to be priced.
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Goldman Sachs has agreed to pay $26.6 million to investors that charged in a class action that the investment bank misrepresented the mortgage-backed securities it sold to them.
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Avis Budget Rental Car Funding has completed an offering of $690 million asset-backed securities, the proceeds of which will be used to refinance ABS debt maturing in 2013 with a blended interest rate of roughly 5%.
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Angelo Gordon is preparing to launch the AG Securitized Asset Recovery Fund, which will invest in residential and commercial mortgage-backed securities.
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Long-term arrears in U.K. nonconforming residential mortgage-backed securities have improved from their peak of nearly 21% in 2009, decreasing to around 16%, according to Barclays.
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July was the second biggest month for European commercial mortgage-backed securities repayments since July 2010, according to Fitch Ratings.
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A bond secured by a mortgage on the largest privately-owned office building in Paris has fully refinanced the partly securitised €372m Lumiere loan and could pave the way for similar transactions.