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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The U.S. Securities and Exchange Commission’s recent decision to review the status of Real Estate Investment Trusts could signal a move to codify the exemptions and special privileges the REIT structure enjoyed—not the crackdown the industry fears—said Richard Ginn, managing director at Bank of America-Merrill Lynch.
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BlackRock says securities lending as well as advisory and administration fees helped raise revenue by 6% in the third quarter compared with a year earlier.
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FICO is teaming up with CoreLogic to upgrade current mortgage credit-risk scoring services.
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The buyout at par on an $80 million mortgage on 980 Madison Avenue has given a boost to some bondholders with exposure to the property, one of 10 loans securitized at the height of the property bubble in the originally sized $1.8 billion commercial mortgage-backed securitization, Bear Stearns 2007-BBA8.
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Bondholders in Credit Suisse’s Titan Europe 2006-5 commercial mortgage-backed securitization have received a boost of roughly EUR180 million ($246.5 million) after properties underpinning one of its securitized loans were sold above valuation.
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Citigroup, without admitting or denying allegations, has agreed to pay $285 million to settle charges brought by the U.S. Securities and Exchange Commission that Citigroup Global Markets had misled investors in collateralized debt obligation tied to the U.S. housing market.
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A settlement between banks and state attorneys general over foreclosure practices could be announced by the end of the month.
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The delinquency rate of loans in U.S. commercial mortgage-backed securities rose to 9.36% in September, up from 9.01% in the preceding month, Moody’s Investors Service reports.
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U.K. AAA-rated prime residential mortgage-backed securities generated 0.30% returns in the third quarter, outflanking other assets except for government bonds, while other asset-backed securities indices in Europe fell, according to Henderson Global Investors.