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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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Redwood Trust’s latest residential mortgage-backed securities transaction is expected to emerge soon, with documents expected to be filed with the Securities and Exchange Commission this week, according to officials with knowledge of the deal.
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U.K. pub company Mitchells & Butlers’ whole business securitization, M&B Finance, could see erosion in spreads after Piedmont, the investment vehicle run by billionaire currency trader Joe Lewis, offered to buy out the firm.
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Santander U.K. is launching a new issue from its U.K. residential mortgage-backed securities trust Holmes, testing the reboot of Europe’s public securitization market after months of scant activity. -
An improved version of the Securities and Exchange Commission’s existing 17g-5 reform would be better for the securitization industry than section 939F of the Dodd-Frank Act—the so-called Franken Amendment, the American Securitization Forum said in comments it shipped off today.
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Jamie Dimon, ceo of JPMorgan Chase, says the tougher capital requirements imposed by the Basel Committee on Banking Supervision are “blatantly anti-American.”
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The 30-day delinquency rate for loans in U.S. commercial mortgage-backed securities rose 25 basis points in the second quarter to a record 9.43%, according to the Mortgage Bankers Association.
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President Barack Obama’s plan to invigorate the housing market and the economy by calling on lenders to allow homeowners to refinance at a lower rate is expected to hit investors in mortgage-backed securities.
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U.K. borrowers are getting more breathing room on loans included in commercial mortgage-backed securitizations than elsewhere in the region, with U.K. servicers often opting to staving off loan enforcements until a mortgage hits its maturity, according to a study by Bank of America-Merrill Lynch.
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Ring-fenced U.K. retail banks may be barred from originating, trading, lending and market-making in asset-backed securities on behalf of clients, under new recommendations set out Monday by the U.K. Independent Commission on Banking.
