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
More articles
-
London-based financial boutique AgFe has expanded its securitization division with three hires and the acquisition of commercial real estate debt management company Burfield Capital Partners.
-
The American Securitization Forum has asked the Federal Deposit Insurance Corp to delay implementing its stringent new standards for securitisations to qualify for safe harbour protection in an originator’s insolvency. In December the FDIC published a sample regulatory text which suggested rules that might be used to determine whether bank securitisations would be eligible for safe harbour from clawback. The accompanying advance notice of proposed rulemaking said that the standards chosen would apply to new deals from the end of March 2010.
-
Nixon Peabody plans to expand its new securitization and structured finance practice into commercial mortgage-backed securities this year as the company sees activity picking up in that sector.
-
Assured Guaranty has tapped Nicholas Proud, a London-based managing director in its structured finance division, to head the company’s international credit enhancement business.
-
A bond backing a portion of Peter Cooper/Stuyvesant Town’s defaulted $3 billion senior mortgage was rejected by the New York Federal Reserve in December’s TALF subscription period.
-
A flurry of new commercial mortgage-backed securitizations are seen as breathing life back into the stalled CMBS market, with investors and lenders welcoming the new activity and a more upbeat tone for 2010.
-
The commercial mortgage-backed securities sector has gained substantial concessions in the latest version of a bill slated to rein in Wall Street, with H.R. 4173 carving out special rules for CMBS that allow third-party investors to satisfy the legislation's "retention risk" requirements.
-
Demand held steady for December's subscription period for the New York Federal Reserve's TALF program, with investors requesting $1.3 billion in loans to buy legacy commercial mortgage-backed securities.
-
Corporate revolver covenants are holding up Developers Diversified Realty's second commercial mortgage backed securitization, with the Beachwood, Ohio-based real estate investment trust reportedly needing a waiver from its primary lenders before it has access to any more secured debt.