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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Bank of America has shuffled its compliance team, moving its global compliance risk boss to a post in the bank’s efforts to manage the continuing fallout from subprime loans it took on as part of its 2008 purchase of defunct mortgage firm Countrywide Financial.
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Market players in Europe have absorbed “soft costs” of compliance with the U.S. Securities and Exchange Commission’s 17-g5 in the 12 months since it rolled out in the U.S., according to Richard Hopkin, a managing director at the Association for Financial Markets in Europe.
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Lloyds Banking Group is shopping a new U.K. residential mortgage-backed securitization from its Permanent master trust vehicle.
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Delancey looks set to be vindicated in blocking the noteholder resolutions in the Real Estate Capital Plantation Place (REC 5) CMBS, as it emerged that the property fund manager will buy out the equity owners.
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Mortgage securitization trailblazer Lewis Ranieri and economist Ken Rosen are calling for continued government influence in the housing and mortgage market to hasten the sector’s recovery.
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Prepayment speeds on Freddie Mac Golds, the series of 30-year and 15-year agency mortgage-backed securities, plummeted in March by 19% and 12%, respectively.
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U.K.-based commercial property manager MEPC is planning to prepay later this month a second chunk of the £470 million ($766.2 million) loan securitized in the U.K. commercial mortgage-backed deal Opera Finance (MEPC).
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Investment banks, rating agencies and industry associations in Europe have blasted plans by the European Securities and Markets Authority to force non-E.U. credit rating agencies—and the ratings they give to financial instruments—to meet new, stringent requirements to be valid in the region.
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Rising defaults in loans in commercial mortgage-backed securities in Europe, the Middle East and Africa will keep mortgage servicers busy through the end of the year, according to Fitch Ratings.