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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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.
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The U.S. Department of Justice’s recent lawsuit against Deutsche Bank has had no effect on trading of secondary Ginnie Mae residential mortgage securitization bonds, according to an agency bond trader.
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The percentage of delinquent loans in commercial mortgage-backed securities spiked a record 23 basis points to 9.65% in April, the largest monthly jump since December, according to Trepp.