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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Amid the glow of the French Riviera, MIPIM 2010--one of the biggest real estate conferences in the world with nearly 18,000 in attendance--just ended.
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Some 111 loans backing European CMBS are due to mature in the next year and most will face severe refinancing difficulties, according to Fitch.
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Philadelphia-based Cohen & Co. has hired veteran commercial mortgage-backed securities trader Rob Cestari as a managing director.
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Europe could see a spurt of primary securitization issuance before the introduction of the U.S. Securities and Exchange Commission’s reforms, according to Fitch Ratings.
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The use of asset-backed securities as collateral in the European Central Bank’s repurchase facility decreased in 2009, knocking the instrument off the top of the preferred asset list.
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Spreads on commercial mortgage-backed securities saw considerable fluctuation this week that was driven in part by the Securities and Exchange Commission’s civil suit against Goldman Sachs.
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Morgan Stanley is looking to rebuild its commercial mortgage-backed securities team as the sector’s vital signs improve.
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Pierre Mendelsohn, London-based managing director and head of Europe, the Middle East and Africa securitized products at Bank of America, has left the bank and will join Morgan Stanley in July.
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Asset backed securities have ceased to be the most common form of collateral used in the European Central Bank’s liquidity facilities, according to data published by the ECB this week. Uncovered bank bonds overtook ABS as the largest single asset class in the Eurosystem during 2009, as ABS’s share fell from 28% to 23%. The ECB attributed the decline to lower market values and increased haircuts as the absolute level of collateral submitted remained "stable" at Eu468bn. Overall, an average of Eu2.034tr of collateral was put forward by banks during the year.