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
More articles
-
Moody’s Investors Service has downgraded Bank of America, Citigroup and Wells Fargo as a result of the declining probability that the federal government would bail them out again in a future crisis if necessary.
-
The lawsuits filed by the Federal Housing Finance Agency on behalf of Fannie Mae and Freddie Mac against 17 banks over their marketing of mortgage-backed securities are seen as weak.
-
The Association of Financial Guaranty Insurers says Credit Suisse has been misleading by understating its obligation to buy back bad loans packaged into mortgage-backed securities that the Swiss bank issued.
-
VTB24, Russia’s second-largest retail bank, has sold RUR5 billion ($158.9 million) in mortgage-backed securities.
-
JPMorgan is shopping the 144a private, subordinate bonds from its $1 billion commercial mortgage-backed securitization JPMCC 2011-C5.
-
The expected news of U.S. Federal Reserve’s so-called Operation Twist has strategists at the Royal Bank of Scotland urging clients to buy longer-dated agency pass-throughs and collateralized mortgage obligations, a move Jeana Curro’s team said could be smart even if the Fed’s third round of economic stimulus fails to materialize.
-
Redwood Trust is said to have raised the interest rate on the senior class of its $375 million residential mortgage-backed securities deal from 3.6% to 3.9%.
-
Senior bondholders in the legacy Stichting Holland Homes Oranje I and II Dutch residential mortgage-backed securitization are said to have green-lighted plans to restructure the transactions in order to stave off a ratings downgrade.
-
Secondary trading of asset-backed securities began the week lightly, with only Northern Rock’s residential mortgage-backed securities vehicle Granite showing any notable activity.