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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Initial price talk on Springleaf Financial’s $432 million residential mortgage-backed securitization is 200 basis points over three-year swaps for the $292 million AAA tranche, according to three investors looking at the offering.
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The return of the super-senior structure in commercial mortgage-backed securities deals could be a net negative for the industry, according to researchers at Citigroup Global Markets.
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Servicers in the U.K. commercial mortgage-backed securities market are expected to take an increasingly tougher line on deals approaching their maturity dates, according to structured finance analysts in London.
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The issuers of the Stichting Holland Homes Oranje I and II Dutch 2006-vintage residential mortgage securitizations have pitched a restructuring of both deals’ class A notes after the seniors were earmarked for downgrade.
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The primary market may have seen new issuance volumes flatline this month, but as we settle into the second half of August, it’d be wholly wrong to characterize the past few weeks as a typically-sleepy securitization summer. -
Downgrades on peripheral European countries’ credit ratings are making it more expensive for banks to hold peripheral asset-backed securities paper, according to a senior London-based ABS trader, but a lack of liquidity is making it tough to offload.
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The U.S. Department of Justice is investigating Standard & Poor’s and Moody’s Investors Service over its ratings of mortgage-backed securities.
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Fitch said on Friday that pub company and care homes securitisations will no longer be able to pick up triple-A ratings under its new methodology.
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Cantor Commercial Real Estate has continued lending despite post-downgrade volatility, according to Senior Managing Director Michael May, who said the firm is quoting new loans in the 5-6% area.
