Latest news
Latest news
Blackstone priced its social housing CMBS while Yondr debuted in data centre ABS
Blackstone is targeting a quicker than usual three day execution
Triple-As were priced at 170bp over Sofr, close to guidance
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LNR CDO VI, a re-securitization of the sub-investment grade bonds, or B-pieces, from commercial mortgage-backed securities deals from sponsor LNR Partners, is set to liquidate Friday after an event of default.
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Sen. Barbara Boxer (D-Calif.) pitched her controversial mortgage refinancing plan to the Street on Tuesday, but analysts said that even if it is passed, it won’t start the refi wave investors fear.
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Plain vanilla asset- and mortgage-backed deals are set to comprise the bulk of the structured finance sector for the foreseeable future, according to a study by the Bank of International Settlements, which has called on regulators to push for less product complexity to help boost secondary market liquidity.
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Three commercial mortgage-backed securities deals totaling $3.7 billion were launched Monday, but traders and investors are not sure the market will be able to absorb so many deals at once.
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The West Bromwich Building Society may be putting on hold its new residential mortgage-backed securitization, Kenrick 1, as investors grow cautious of new deals amid Europe’s spreading sovereign debt crisis.
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Hatfield Philips, the European special servicer, said it avoided a fire sale of commercial real estate properties by restructuring the loan on a €940 million portfolio ($1.32 billion) of 100 commercial offices and retail premises in Germany.
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The Government National Mortgage Association is looking to hire a money manager to manage the agency’s recent influx of global investors and to continue to grow its investor base abroad.
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Residential Credit Solutions, a Fort Worth, Texas-based servicing firm, wants to issue more residential mortgage-backed securities, but is struggling to find attractively priced collateral, according to an official with knowledge of RCS’ strategy.
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Top Wall Street banks are preparing to bring to market an estimated $3.7 billion in mortgage-backed securities of an expected total of $10 billion by all banks in the third quarter.