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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Two Harbors Investment and Barclays have set a May 17 deadline for the debut of a $200 million private-label residential mortgage-backed securities deal, according to a Securities and Exchange Commission filing.
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Angelo Gordon, Winthrop Realty Trust and other investors in commercial mortgage-backed securities have gone to court to block Galante Holding from buying a $150 million loan for less than $85 million in what they call “a brazen scheme…to steal more than $60 million in value from a group of senior lenders,” according to a filing in New York State Supreme Court.
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Market participants are optimistic of more new issuers tapping securitization markets for the first time in 2012.
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KNF, Poland’s banking regulator, is looking to launch asset-backed and mortgage-backed securities either late next year or in 2013 to provide domestic banks with better access to long-term financing, according to Wojciech Kwasniak, deputy head of the agency.
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Private-label issuance of mortgage-backed securities is at the same standstill it found itself in a year ago, with little progress made on any of the key issues in play, RMBS professionals say.
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The performance of loans in Irish commercial mortgage-backed securities deteriorated sharply in October as the rate of loans 90 days or more delinquent climbed from 8.85% at the end of July to 10.14%, according to Moody’s Investors Service.
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Government entity Fannie Mae has again made revisions to its guidelines for mortgage services, removing language known as the “ability to pay” clause and making the Home Affordable Refinance Program more accessible to servicers, analysts say.
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The average loss severity for loans U.S. commercial mortgage-backed securities liquidated at a loss rose in the third quarter to 39.7% from 39.1% in the preceding three-month period, according to Moody’s Investors Service.
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California Attorney General Kamala Harris has charged Fannie Mae and Freddie Mac with hindering an investigation of mortgage lending and foreclosure practices.