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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Banco Santander is issuing a €1.8 billion ($2.56 billion) Spanish residential mortgage-backed deal, known as Santander Hipotecario 7, but the transaction is likely to be retained as investors continue to be spooked by Spanish asset-backed paper, according to a senior syndicate official in London.
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Bank of America-Merrill Lynch’s $8.5 billion settlement last week will have investors strategizing about which residential mortgage-backed securities could get putbacks next, market players say.
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A large mortgage originator is looking to sell into the market a $55 million whole loan portfolio of jumbo high-quality mortgages in a bid to test investor appetite for future private-label residential mortgage securitizations, according to an investor at a life insurance firm.
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The delinquency rate for loans 30 days or more past due in U.S. commercial mortgage-backed securities plunged 23 basis points in June to 9.37%, according to Trepp.
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Allstate Insurance has filed suit against Morgan Stanley, charging the investment bank that it “knew or recklessly disregarded that those lenders were issuing high-risk loans that did not conform to their respective underwriting standards.”
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A group of 11 bondholders has filed suit against Bank of America over its $8.5 billion settlement in connection with mortgage-backed securities it sold, charging that it was inadequate and may be unfair to other bond investors.
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The Department of the Treasury reports that its portfolio of mortgage-backed securities has shrunk by more than half to $94.5 billion.
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Bank of America-Merrill Lynch snagged the top spot for bookrunning global asset-backed securities in the second quarter of 2011, pushing out $6.07 billion in new deals, according to data provided to TS by Dealogic.
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A number of commercial mortgage-backed securities conduits are reportedly holding off on new originations due to extreme volatility in the new issue and secondary markets over the past month.