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
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The tightening spread trend in U.K. residential mortgage-backed securities is set to continue with the Co-Operative Bank’s Silk Road Finance Three—the firm’s first securitization in over a year—due to be priced at the tightest level this year.
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CMBS market participants are unconvinced new CMBS practice principles will revive primary issuance, but say it is at least step in the right direction.
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Bonds from legacy commercial mortgage-backed securities transactions are set to rally as investors are looking at a low interest rate environment that is likely to persist for the next several years, according to sister publication Real Estate Finance Intelligence.
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The Federal Reserve’s decision to keep interest rates at record lows are sharply driving demand for commercial mortgage-backed securities as investors are resigned to a more prolonged period of low returns, according to Amherst Securities Group.
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The Commercial Real Estate Finance Council Europe is looking to kick-start the region’s stalled new issue market with a far-reaching best practice framework.
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Officials at Moody’s Investors Service are putting a priority on evaluating how servicers deal with home loans that have advanced to the “seriously delinquent” category; part of the agency’s recently announced updates to residential mortgage servicer quality assessments.
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Wells Fargo and RBS priced the benchmark, AAA-rated tranche of their $1.3 billion conduit deal at swaps plus 120 basis points – 40 basis points tighter than the wides seen last month.
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The special servicer in the Deco 6–UK Large Loan 2 CMBS has accelerated the underlying loan to Mapeley, bringing in a new asset manager and property receivers. Even so, at current property valuations, ‘A’ noteholders still face principal losses of 24%.
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LNR Partners—the largest commercial mortgage-backed securities special servicer—is in the market exploring a sale or recapitalization as its investors look to monetize their investment in the Miami Beach-based company, according to sister publication Real Estate Finance Intelligence.