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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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Barclays Capital has expanded its U.S. commercial mortgage-backed securities business with the hiring of John Trauben, Dan Vinson and Michael Birajiclian.
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The changes to the Home Affordable Refinance Program that deal with which mortgages are eligible for refis might have a limited effect, but the extension of HARP until 2013 should encourage more servicers to offer HARP refis, according to Matt Jozoff, head of residential mortgage-backed security research at JPMorgan.
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Eurohypo, the special servicer in the stalled Opera Finance (Uni-Invest) Dutch commercial mortgage-backed securitization set to mature in February, has shortlisted bidders for the assets and could seek noteholder input on any potential final deal.
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One of Europe’s largest commercial mortgage-backed securities loan has been extended through a restructuring aimed at ensuring the likelihood of recovery for all lenders.
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The protracted wrangling over a resolution to the Eurozone crisis is holding some issuers in the region back from rolling out new securitizations, according to a London-based asset-backed securities syndicate head at a European investment bank.
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Innkeepers USA’s agreement to sell 64 hotels for $1.02 billion could result in a loss of up to 24% of an $825.4 million mortgage securitized in two commercial mortgage-backed securities deals, according to Credit Suisse analyst Roger Lehman.
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A new London-based hedge firm will target distressed asset-backed securities in its flagship fund, according to Derivatives Intelligence, an SI sister publication.
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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.