Latest news
Latest news
Triple-As were priced at 170bp over Sofr, close to guidance
US market remains the model as template issuance takes shape
Deal is backed by three data centers in Virginia, Illinois and Atlanta
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The Depository Trust & Clearing Corp. said its new central counterparty for mortgage-backed securities, which launched April 2, has achieved a 70% reduction in the mortgage securities pools and payments involved in settling the trades, resulting in a sharp reduction in the costs and operational risks in the market.
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The European commercial mortgage-backed securities investors saw only four securitized loans pay off in full in April, according to London-based analysts at the Royal Bank of Scotland.
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Loan level activity in European commercial mortgage-backed securities returned to normal in April after relatively quiet activity the preceding month, according to Standard & Poor’s.
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Allied Irish Bank began roadshowing its £450 million ($729.1 million) securitization of U.K. residential mortgages, Tenterden Funding, on Tuesday.
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A Goldman Sachs and Citigroup commercial mortgage-backed securities conduit deal approximately $1 billion in size could price as early as next week, according to one CMBS investor watching the market.
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CMBS Loan Loss Severities Hit 45% Loan loss severities in U.S. commercial mortgage-backed securities hit a record 45% in 2011, according to Fitch Ratings, but that may represent a plateau as loss rates are expected to stabilize over the course of the year.
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Skipton Building Society officials say the major benefit of its securitization program is that it can issue higher-rated securities than in the covered bond market, as the firm prepares to price its sophomore trade, Darrowby No. 2.
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The Titan Europe 2006-4 FS commercial property securitization will see its bonds fully repaid after U.K. private equity investor Terra Firma said Monday it will buy U.K. healthcare and nursing home provider Four Seasons Health Care for £825 million ($1.34 billion).
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Cumulative defaults of loans in U.S. commercial mortgage-backed securities climbed 25 basis points to 12.96% in the first quarter, according to Fitch Ratings.