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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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.
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The Federal Reserve Bank of New York’s initial $1.5 billion sale of bonds from its legacy American International Group Maiden Lane II portfolio has most likely already found its way into the hands of end-user accounts, according to traders.
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European investors seem to have largely set aside past grievances with Northern Rock, the bank that almost collapsed at the height of the credit crunch, taking exposure to its latest standalone residential mortgage securitization.
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A collection of commercial mortgage securitization dealers are consulting with Markit to roll out a new tradable index TRX2.0, which will allow issuers to hedge the basis risk of transactions prior to their launch.