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 Department of Justice’s civil lawsuit against Deutsche Bank and its MortgageIT subsidiary is expected to be the first of a wave of litigation as U.S. authorities step up efforts to reclaim losses from questionable collateral and the toxic securitizations, according to market participants.
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A loan in the €1.08 billion ($1.56 billion) Talisman 6 German commercial mortgage-backed securitization has been placed into special servicing after a breach in its outstanding loan-to-value covenant sparked an event of default.
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The Federal Deposit Insurance Corporation has sold notes worth $353.2m, backed by $394.3m of commercial mortgages, through FDIC 2011-C1. This is the first time FDIC has securitised commercial mortgages since the financial crisis, and represents a new attempt to dispose of failed bank assets.
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Torchlight Investors is preparing to buy the non-investment grade tranche of an upcoming $1.5 billion commercial mortgage-backed securities deal from JPMorgan, its first b-piece acquisition.
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Credit Suisse has named Roger Lehman managing director and head of commercial mortgage-backed securities research.
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Standard & Poor’s has lowered the ratings on 14 classes from three commercial mortgage-backed securities because of interest shortfalls.
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Australian commercial mortgage-backed securities and credit lease-backed notes performed within the range of expectations in the second half of 2010, according to Standard & Poor’s.
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The amount of asset-backed securities eligible to be used in the European Central Bank’s liquidity facility dropped slightly in 2010, accounting for €1.5 trillion ($2.18 trillion), or about 9%, of the eligible €14 trillion (U.S. 20.4 trillion), according to the bank’s newly released annual report.
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Santander U.K. could issue two more public residential mortgage securitizations this year following the release of its next deal mid-May, Fosse 2011-1, according to a senior London-based official at the bank.