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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Cedarwoods CRE CDO II, the $700 million collateralized debt obligation whose liquidation was cancelled only a day after being announced last month, is also one of the plaintiffs in a suit against Galante Holdings, a junior lender on one of the assets securitized in CSMC 2007-TFLA.
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Northern Rock’s residential mortgage-backed vehicle Granite saw bids for its lower-rated tranches up on year-end levels, as secondary trading of asset-backed securities in Europe opened the year strong, according to London-based market participants.
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A novel Japanese yen-denominated auto loan securitization from Volkswagen Financial Services is on the horizon, the first sign of new issuance life in the new year. -
Commercial mortgage-backed securities delinquencies rose seven basis points to 9.58% in December, beginning what could be a long upward march, according to Trepp, LLC.
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Europe’s beleaguered commercial mortgage-backed securities will see 36 loans totalling EUR2.6 billion ($3.36 billion) reach maturity this month—the largest monthly volume since the start of the financial crisis, according to analysts at Fitch Ratings in London.
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Senior noteholders in DSB Bank’s troubled Chapel 2003-I B.V. securitization want to overhaul transaction documents to help boost disclosure, as the originator faces potential duty of care claims that could affect the performance of the deal.
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The collateral backing a $203 million securitized in CSMC 2007-TFLA was sold for $396.2 million, in what may be a good sign for a heft of maturing floating-rate loans coming due this year.
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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.
