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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Invesco Mortgage Capital has announced a public offering of 20 million shares of common stock priced at $18.37 a share to raise roughly $367.4 million for the purpose of acquiring additional residential and commercial mortgage-backed securities.
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Investment in residential mortgage-backed securities in Chicago could be hindered by a local ordinance that includes lenders and financial firms in its definition of “property owners,” according to Moody’s Investors Service.
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U.K. lender Nationwide Building Society is modifying its residential mortgage-backed securities master trust, Silverstone, which market officials in London say will pave the way for a new issuance from the program shortly.
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Senior bondholders in Merrill Lynch’s £447.1 million ($737 million) Taurus U.K. 2006-2 commercial mortgage securitization are set to benefit from last week’s sale of St. Katharine’s Dock, one of the underlying properties in the U.K. CMBS deal.
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The Department of Justice is investigating Standard & Poor’s over its ratings of mortgage-backed securities in the years before the start of the financial crisis.
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Asset manager Van Eck Global has launched its Market Vectors Mortgage Real Estate Investment Trust Income Exchange-Traded Fund, focusing on mortgage REITs.
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Ally Securities is building up its presence in collateralized mortgage obligations, hiring away trader Bruce Graham from BNP Paribas and structurer Chris O’Bara from Normura Securities.
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Deutsche Bank analysts have revised upward its forecast for losses on commercial mortgage-backed securities sold between 2005 and 2008 from 8.7%, which it predicted in December, to 9.36%.
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Deutsche Bank is talking with banks and law firms about two new European commercial mortgage-backed securities deals, according to market professionals in London.
