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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Northern Rock Asset Management has said it will buy back the notes from its Graphite 2006-1 U.K. synthetic residential mortgage-backed securitization at par, a decision London-based analysts say stings participants in last month’s tender offer on the bonds.
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Loans in German commercial mortgage-backed securities have lower repayment rates than CMBS loans secured by collateral elsewhere in Europe, according to Fitch Ratings.
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Commercial mortgage-backed securitizations with exposure to stricken U.K. care home operator Southern Cross Healthcare may need to depend on servicer advances to pay noteholders in the event of any income shortfall on the care home properties.
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JPMorgan is planning to reopen the Spanish residential mortgage-backed securities market, closed for four years now, with an offering this year.
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Delinquencies in loans in commercial mortgage-backed securities dropped sharply in June thanks to a rise in loan resolutions and a slowdown in new defaults, according to Fitch Ratings.
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Credit Suisse is beefing up its bond platform to compete with the two major legacy platforms still widely used by the Street.
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A property underpinning Morgan Stanley’s €1.1 billion ($1.57 billion) pan-European commercial mortgage-backed securitization Vulcan (European Loan Conduit 28) is to be offloaded, with the proceeds applied to the notes on next month’s payment date.
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After closing the first two post-crisis CMBS deals, Deco 2011 CSPK and Eirles Two Ltd Series 355, CMBS specialists say that Deutsche Bank could be poised to make a return to the capital markets soon after the summer break.
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Now is a good time to sell the Fannie Mae 4 butterflies and scoop up some relative value as the trade enjoys a low risk exposure, according to Morgan Stanley analyst Janaki Rao.