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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About €2.37 billion ($3.38 billion) is new European securitization are out in the market this week. Two residential mortgage-backed trades are being offered along with a rare, French auto asset-backed deal.
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Fitch Ratings is expected to begin using next month a tougher rating methodology for loans in commercial mortgage-backed securities.
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Seasoned commercial mortgage-backed securities executives Larry Kravetz and Spencer Kagan have been hired by Barclays Capital from G2 Real Estate as head of CMBS finance and CMBS credit and underwriting, respectively.
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The pipeline of primary market collateralized loan obligations could slow as the secondary market for paper cools off amid market turmoil tied to the Greek sovereign debt crisis.
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Northern Rock has placed £546.1 million ($872.5 million) of A2 notes from its Gosforth Funding 2011-1 residential mortgage-backed deal.
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Noteholders in the German Residential Asset Note Distributor (GRAND) CMBS has appointed Rothschild as an adviser to discuss possible refinancing options. Grand is the largest CMBS in Europe — a Eu5.82bn deal secured on German multi-family units owned by Deutsche Annington.
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Real estate investment trust American Capital Agency (NASDAQ, AGNC) today sold $1 billion in equity, the latest in a string of secondary capital raises among mortgage REITs in the last month.
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Lower-coupon agency bonds are trading at some of the lowest levels since their inception, Scott Simon, agency mortgage trader at Pacific Investment Management Company, told TS.
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A severe lack of collateral in the prime residential mortgage market is holding up issuance of new residential mortgage-backed securities, according to William Moliski, managing director at Redwood Trust.