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CMBS

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  • Another asset backing the Mozart Whole Loan—the largest of 10 German commercial property loans securitized in ABN Amro’s EUR1.82 billion ($2.39 billion) Talisman 7 CMBS—has been sold.
  • The last remaining commercial mortgage-backed securities that made up Lehman Brothers’ busted collateralized debt obligation Excalibur Funding No. 1 are set to be sold.
  • Santander U.K. has priced a new under-the-radar securitization of prime U.K. residential mortgages from its Holmes RMBS program.
  • Santander U.K. has priced a new under-the-radar deal securitization of prime U.K. residential mortgage-backed securities from its Holmes program.
  • More than one-third of European insurance investors could bail from the securitization market completely if the European Union’s proposed Solvency II regulations are adopted, with the remaining 67% keen to “dramatically” slash their securitization investments, according to a stark industry poll by the Association for Financial Markets in Europe.
  • A Bids-Wanted-In-Competition list built of mostly mezzanine U.K. non-conforming residential mortgage-backed paper is poised to hit the market on Thursday.
  • Only 36.4% of the balance of fixed-rate commercial mortgage-backed securities loans in the U.S. that hit their balloon maturities in March paid off, according to Trepp, LLC.
  • The Stichting Holland Homes 2007-2 Dutch residential mortgage-backed securitization has been restructured, with the outstanding senior class A series carved up into two tranches—paving the way for the tranche to hang on to its AAA rating.
  • The global bank review by Moody’s Investors Service could potentially hold up new issuance volumes in Europe’s securitization market during the second quarter, according to some market professionals in London.