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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The property backing the Times Square loan, securitized in Merrill Lynch’s £447.1 million ($723.2 million) Taurus (U.K.) 2006-2 commercial mortgage-backed securitization, is set to be sold off in order to maximize recoveries.
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Redwood Trust is shopping a new residential mortgage-backed securitization of prime jumbo loans, pegged at $300-400 million, larger than the trust’s two previous deals.
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Spreads on senior commercial mortgage-backed securities tracked back in Tuesday after the Federal Reserve said it would hold interest rates in the zero to 0.25% range for the next two years. -
The federal government has filed suit against Goldman Sachs on behalf of the National Credit Union Administration for allegedly violating federal and state securities laws in connection with the sale of $1.2 billion in mortgage-backed securities to NCUA members.
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Loan modifications helped reduce the percentage of loans in commercial mortgage-backed securities that were in special servicing in the second quarter, according to Moody’s Investors Service.
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Deutsche Bank and UBS are expected to issue the market’s first public offering of commercial mortgage-backed securities since the onset of the financial crisis.
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The troubled Ruhr loan securitized in Merrill Lynch’s Taurus (Germany) 2006-1 commercial mortgage-backed securitization has seen its standstill period extended until November by the special servicer.
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Northern Rock’s U.K. residential mortgage-backed master trust Granite, the market bellwether for European securitization, saw BBB prices drop Tuesday, as secondary markets continue to be light on liquidity.
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Credit default swap spreads on U.S. banks widened sharply on issues relating to federal government support of the financial institutions following Standard & Poor’s downgrade of U.S. sovereign debt.
