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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U.K. buy-to-let lender Paragon Mortgages will roll out more securitizations following its new £163.8 million ($261.9 million) residential mortgage-backed deal, Paragon Mortgages No. 16, Peter Shorthouse, director of treasury and structured finance at Paragon, said.
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U.K. non-conforming residential mortgage-backed securities have been tipped as an attractive play for asset-backed securities investors, offering increasingly compelling return compared to prime paper—despite concerns about the quality of the underlying collateral.
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The 30-day delinquency rate for commercial mortgage-backed securities rose by 21 basis points to 9.77% in October, according to Trepp.
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The jumbo residential mortgage-backed securities sector faces a greater risk of default than its subprime counterpart, according to Moody’s Investors Service.
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A group of more than 130 lawmakers are pressing the House of Representatives to agree to restore the higher conforming loan limit on jumbo mortgages guaranteed by Fannie Mae and Freddie Mac that was in force during the crisis.
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Ally Financial has signaled that it would not sign-on to a proposed settlement of charges over foreclosure practices because the charges on the firm would be disproportionate to its exposure, according to Michael Carpenter, the lender’s ceo.
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Allied Home Mortgage has been sued for allegedly engaging in fraudulent lending practices that resulted in thousands of borrowers losing their homes and costing the U.S. government more than $834 million insurance claims.
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The new-issue private-label commercial mortgage-backed securities market is expected to make a comeback after its current lull, but market participants say current global events that have created volatility make it difficult to predict when.
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The Volcker rule’s proposed ban on proprietary trading poses problems for banks that provide bridge loans, according to the law firm Paul Hastings.