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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Scott Walter, 34, head of syndication at Goldman Sachs, sits down with TS for a pre-summer chat.
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U.K. mortgage lender Yorkshire Building Society is aiming to maintain a “sufficient presence” in the residential mortgage securitization sector following the recent pricing of the firm’s first-ever RMBS deal, Brass No. 1, according to Chris Parrish, group treasurer at Yorkshire.
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Noteholders in the €5.8 billion ($8.2 billion) German Residential Asset Note Distributor (GRAND) commercial mortgage-backed securitization have formed an ad-hoc steering committee to hash out issues raised by the impending maturity of the deal’s loan, according to an official close to the talks.
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Freddie Mac has issued its first, multi-loan single borrower mortgage securitization, a $672.342 million deal called FREMF 2011-KAIV.
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Final pricing has been issued on JPMorgan’s $1.4 billion JPMCC 2011-C4, with the $226.8 million, AAA-rated 10-year A4s hitting targeted levels at 110 basis points over swaps, the tightest level of any other A4 since the market reboot.
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Wells Fargo and the Royal Bank of Scotland priced their $1.4 billion WFRBS 2011-C3, generally in line with expectations.
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The average loss severity rate for U.S. commercial mortgage-backed securities dropped below 40% in the first three months of the year after five consecutive quarters at 50% or higher, according to Standard & Poor’s.
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A dozen European commercial mortgage-backed securities became delinquent in April, the highest monthly number since Standard & Poor’s began keeping records of the activity in 2008.
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Italian lender Banca Popolare di Puglia e Basilicata is preparing to come to market with Media Finance 4, a previously retained €423 million ($691.6 million) residential mortgage-backed securitization.