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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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.
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Deutsche Bank is said to be planning to offer a $685 million commercial-mortgage backed security linked to a large hotel portfolio of Whitehall Street Real Estate Funds, a unit of Goldman Sachs.
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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.