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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The Office of the Comptroller of the Currency is forcing banks to conduct a self review of mortgage foreclosure and servicing standards to ensure bank practices line up with the government’s guidelines.
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U.K. mortgage lender West Bromwich Building Society has mandated Barclays Capital and Citigroup to joint lead-manage a new prime residential mortgage-backed securitization called Kenrick 1.
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U.K. property developer MEPC will fully refinance its £470 million ($752.4 million) loan securitized in the Opera Finance (MEPC) commercial mortgage-backed securitization later this month, a year ahead of the July 2012 loan maturity date.
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Analysts at Société Générale argued this week that Deutsche Bank’s Chiswick Park CMBS deal did not deserve to be called a market re-opening, while Deutsche’s real estate team will be hoping it was, as they market the repackaged Eirles Two 355 CMBS.
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Austin-based broker dealer Tejas Securities Group is expanding into high-grade securitization, appointing Samir Shah, former head of asset and mortgage-backed securities at MF Global, to its sales and trading desk.
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The Bank of England’s Special Liquidity Scheme, which allowed U.K. firms to swap mortgage-backed securities for more tradable assets during the height of the financial crisis, has seen repayments reach £148 billion ($237.2 billion), indicating a major boost for the securitization mart in the U.K., according to industry officials in London.
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Investors in residential mortgage-backed securities affected by today’s Bank of America-Merrill Lynch settlement with investors are testing the market’s appetite for their positions, according to John Hierl, head of RMBS trading at StormHarbour Securities.
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Morgan Stanley has priced a rare $498 million re-REMIC of interest-only commercial mortgage-backed securities bonds. Only a handful of deals of this kind have ever hit the market.
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Investors in London are seeing promise in the workout of Europe’s legacy commercial mortgage-backed securities conduit deals.