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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Structured finance lawyers are working to bring covered bonds to emerging markets in Eastern Europe, borrowing securitization technology in the absence of local legislation to facilitate the new sector.
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The U.S. Securities and Exchange Commission is considering getting rid of real estate investment trusts’ tax-free status and their ability to lever, something Janaki Rao, agency mortgage strategist at Morgan Stanley, said would be a major problem for the residential mortgage-backed securities market.
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Commercial real estate exposure remains the man driver behind problem loans for banks that collapsed in August, according to Trepp.
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The Department of Housing and Urban Development has provided the state attorneys general with the results of its investigation of banks’ robo-signing practices.
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Government demand that banks buy back some $120 billion in bad mortgages is slowing the U.S. economic recovery, says Paul Miller, an analyst with FBR Capital Markets.
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The settlement between state attorneys general and banks over their so-called robo-signing practices will not free financial institutions from litigation involving mortgage securitization practices, according to Geoff Greenwood, a spokesman for Iowa Attorney General Tom Miller.
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Ben Bernanke, chairman of the Federal Reserve, said U.S. banks’ exposure to the peripheral European countries—namely, Greece, Ireland and Portugal—is small and manageable.
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Prudential Mortgage Capital has hired Scott Heath as a loan officer responsible for originating commercial mortgage-backed loans for securitization by the Liberty Island Group.
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Kensington Mortgages, the London-based home lending subsidiary of Investec, is being tipped for a return to the U.K. residential mortgage securitization arena.