Latest news
Latest news
Green securitizations have been prominent in CMBS this year
Rating cut as note pays more interest than planned
Inflation caused by war threatens budding recovery in commercial real estate
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Market players say they are keeping an eye on whether other financial institutions will be shrinking their business ties to Fannie Mae on the heels of Bank of America-Merrill Lynch giving notice it would no longer deliver purchase and non-Making Home Affordable refinance loans into the government-sponsored enterprise’s pools due to its ongoing dispute with the GSE over put-back claims.
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Clydesdale Bank will seek to further tap the residential mortgage-backed securities market—possibly in the U.S.—this year after returning with a privately placed issue, Lanark Master Issuer 2012-1, this week.
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Several investment banks are said to be approaching investors for bids on the final $6.7 billion piece of the Federal Reserve Bank of New York’s Maiden Lane II portfolio.
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Dutch commercial mortgage-backed securities face potential risks this year from continued declines in secondary commercial real estate values and a likely increase of distressed portfolios coming to market, according to Fitch Ratings.
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Center Parcs UK’s securitisation of its holiday resorts marks a fresh spurt of development for whole business securitisation, one of the hottest financial products of the late 1990s and 2000s, but one where innovation has slowed since the financial crisis.
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Deutsche Bank’s Merry Hill CMBS — still only the second true CMBS backed by a European asset since the crisis — has left market participants wondering whether the German bank lost money on the trade. Despite the questionable economics though, the deal boasts a string of innovative features such as US distribution and full 17g5 compliance.
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JPMorgan Chase has tripled to $72 billion its holdings of mortgage securities without U.S. government guarantees by adding debt mainly from outside the U.S., such as the U.K. and the Netherlands.
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Several investment banks are said to be approaching investors this week for bids on the final $6.7 billion piece of the Federal Reserve Bank of New York’s Maiden Lane II portfolio.
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Market players say timing and the extent of guarantee fee increases are the big questions looming in the Federal Housing Finance Agency’s plan to build a single mortgage-backed securities platform for the government sponsored enterprises.