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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Wells Fargo is rumoured to be planning an investment arm to buy European asset-backed securities, similar to JPMorgan’s chief investment office, which has emerged as a major anchor of the region’s post-crash new issue market. -
Commercial real estate collateralized debt obligations aren’t finished forever, but they are going to look different, according to industry executives on a panel at Standard & Poor’s Commercial Real Estate Hot Topics Seminar in Times Square Tuesday.
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The Federal Reserve has announced formal enforcement actions against 10 banks over their “pattern of misconduct” and negligence related to residential mortgage loan servicing and foreclosure processing.
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Ford Motor Credit has offered $1.5 billion of five-year asset-backed securities with what has been called an unusual structure: It will convert to senior unsecured credit if two of the three major credit rating agencies raise its rating to investment grade.
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Proposed regulations for commercial mortgage-backed securities could result in “a dramatic curtailment of CMBS activity,” according to Morgan Stanley analysts.
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The proportion of loan repayments at maturity in European commercial mortgage-backed securities is likely to decline, according to Fitch Ratings.
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Nordea Bank today launched a tender offer to buy back a tranche of notes from its pan-Nordic commercial mortgage-backed deal Midgaard Finance, which securitizes a pool of office properties in Norway, Sweden and Finland.
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Credit Suisse continues to push into the U.S. commercial mortgage-backed securities market, beefing up its desk with the hiring of two industry veterans, Steve Lapham and John Herman.
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Barclays Capital is nearing the finish line on a raft of resecuritizations of legacy asset-backed securities seized by the National Credit Union Administration, with only about $3 billion in bonds left to roll out from the program.
