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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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.
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Residential-mortgage backed securities bids-wanted-in competition lists are not being jumped on – despite a tightening in bid-offer spreads -- by the desks of the big investment banks, said a New York trader at a broker-dealer.
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A provision in the Dodd-Frank Act that bars U.S. regulators from using credit rating agencies to assess risk could delay implementation of capital requirements adopted by the Basel Committee on Banking Supervision, according to JPMorgan Securities.