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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Lloyds Banking Group has preplaced a new £3.3 billion ($5.32 billion) issue from its U.K. residential mortgage-backed vehicle, Arkle, with a small group of investors as uncertainty continues to dog the European and U.S. markets.
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Wells Fargo and Bank of America-Merrill Lynch are pitching a $160 million securitization of non-performing residential mortgage assets, called Volt 2011-NPI-1, according to a life insurance investor.
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JPMorgan Chase has reorganized its mortgage unit, with a more borrower-friendly approach.
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Credit default swap spreads on U.S. agency mortgage-backed securities widened to their highest level since September 2009 on concerns that agency MBS sales could surge if U.S. sovereign debt is downgraded.
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Aston Asset Management’s New ASTON/DoubleLine Core Plus Fixed Income Fund is planning to invest in mortgage-backed securities among other asset classes.
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Bank of America-Merrill Lynch is said to be considering a sale of some $40 billion of mortgage-servicing rights linked to loans issued by Freddie Mac.
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Broker-dealer Kellner DiLeo has hired Robert Egan as senior v.p. and global head of international securities lending.
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The percentage of loans paying off on their balloon date improved in June by 7 points to 42.4%, well above the previous 12-month average of 39.6%, according to Trepp.
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An estimated one-quarter of loans modified through Citigroup’s private programs have redefaulted over the past two years, according to John Gerspach, the bank’s cfo.