Latest news
Latest news
Blackstone is targeting a quicker than usual three day execution
Triple-As were priced at 170bp over Sofr, close to guidance
US market remains the model as template issuance takes shape
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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.
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A property backing one of the loans securitized in Barclays Capital’s U.K. conduit commercial mortgage securitization Indus (Eclipse 2007-1) is set to be sold off.
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Trading in Europe’s secondary asset-backed securities market has been somewhat muted this week, with prices in Northern Rock’s Granite residential mortgage-backed vehicle —the region’s market bellwether—reportedly remaining settled, traders said.
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Fitch Ratings has downgraded nine commercial mortgage backed securities issued by Credit Suisse because of an increase in expected losses attributed to performance declines among the top 15 loans and updated valuations of specially serviced loans.
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Kroll Bond Rating Agency is said to have been hired by Morgan Stanley and another unnamed investment bank to rate conduit deals of more than $1 billion.
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The delinquency rate of loans in U.S. commercial mortgage-backed securities slipped 2 basis points in January to 9.30%, according to Moody’s Investors Service.
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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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The rally in certain European peripheral countries driven by the recent flurry of tender offers in securitizations could prove short-lived, as analysts in London warn buy-backs alone will not solve banks’ funding needs.