Latest news
Latest news
Blackstone priced its social housing CMBS while Yondr debuted in data centre ABS
Blackstone is targeting a quicker than usual three day execution
Triple-As were priced at 170bp over Sofr, close to guidance
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JPMorgan is quoting floating-rate loans for securitization and Deutsche Bank is said to be looking at two floating-rate opportunities as well. There have not been any floating-rate securitizations since the start of the financial crisis in 2007.
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UBS is prepping a small balance commercial mortgage-backed securitization, Velocity Commercial Capital Loan Trust 2011-1, which is expected to roll out in the next couple of weeks, according to a market official.
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Lloyds Banking Group’s Permanent 2011-1 and Obvion’s Storm 2011-III residential mortgage-backed deals both priced this week.
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Henderson Global Investors has been flagging up opportunities in pre-crisis CMBS, pointing to approaching legal finals and deep discounts as buying opportunities. But the fund management house stressed that this was deal-specific, and said that swap breakage costs, and transparency to underlying assets are factors to watch.
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Cantor Commercial Real Estate is shopping CFCRE Commercial Mortgage Trust 2011-C1, its debut commercial mortgage-backed securities deal.
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The report by the Senate Permanent Committee on Investigations on the causes of financial crisis has singled out Deutsche Bank and Goldman Sachs for their subprime-related activities.
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The Senate Permanent Committee on Investigations has called on the Office of the Comptroller of the Currency to dismantle the Office of Thrift Supervision for its failure to act on lending and securitization risks before the onset of the financial crisis in 2008.
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The delinquency rate on loans in U.S. commercial mortgage-backed securities deals slipped 2 basis points last month to 9.16%, according to Moody’s Investors Service.
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Securitization broker-dealer Braver Stern Securities is seeking to replace five employees that have defected to Sandler O’Neill from its Chicago-based fixed-income sales and strategy desks, but is also “looking at alternatives,” according to Joseph Valentine, managing director, fixed-income trading.