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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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The stalled Dutch office property loan securitized in Credit Suisse’s Titan Europe 2007-2 deal is to be given a further extension to allow the servicer and borrower to plot a restructuring.
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Investors should place the underlying individual assets in securitizations under closer scrutiny in order to mitigate asset correlation across portfolios, according to Bishopsfield Capital Partners.
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The Versailles Court of Appeal ruled on Thursday that the owner of the Coeur Défense tower in Paris would be protected from its creditors — bondholders in the Windermere XII FCT CMBS. The ruling closes a three year legal battle between the borrower and bondholders, and undermines the whole basis of secured lending against French assets.
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The Federal Reserve Bank of New York sold a $7.014 billion chunk of its Maiden Lane II portfolio to Credit Suisse at auction Thursday, a move that surprised market players who had pegged Goldman Sachs as the likely winner.
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The issuer in Mound Financing No. 5, a U.K. residential mortgage-backed securitization rolled out by Halifax-Bank of Scotland in June 2006, is set to call the bonds next month.
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Prytania Investment Advisers wants to grow its Athena fund’s U.K. residential mortgage-backed securities and U.S. commercial real estate collateralized debt obligation allocations.
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With reports flying fast and furious that a number of financial institutions have plans to trim jobs this year, particularly in securitization, a handful of market players told SI they are at the edge of their seats in anticipation of the shakeout.
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Goldman Sachs and Citigroup are planning to sell their $1.15 billion commercial mortgage-backed securities deal next week into what investors are saying will be healthy appetite, with few deals in the pipeline at the beginning of the year. -
Santander priced the first U.K. residential mortgage-backed deal of the year, Holmes 2012-1, late Wednesday afternoon.
