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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JPMorgan is reducing staff in its commercial mortgage-backed securities group as a result of the bank’s acquisition of Bear Stearns as well as low origination volume.
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Growing numbers of European commercial mortgage-backed securitizations facing loan-to-value covenant breaches are raising the concern of conflict between different classes of investors.
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The growing numbers of serious breaches in European commercial mortgage-backed securitizations due to falling property values have raised the concern of a conflict of interest between different classes of investors.
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A Cohen & Co. fund buying primarily distressed mortgage-backed securities and other commercial and residential mortgage-related products has so far raised about $100 million and likely will grow to between $300-500 million, according to a source with knowledge of the fund.
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Credit Suisse’s Titan Europe 2007-2 transaction has become the second in the series to be hit by a rating action as a result of the poor performance of the underlying assets.
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Secondary market trading in U.S. structured products has been relatively quiet, a reflection of the summertime lull and current market conditions.
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RBS Greenwich Capital has hired Craig Sedmak, the former head of commercial mortgage-backed securities trading at Bear Stearns.
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Barclays’ Indus Eclipse 2007 has become the latest large U.K. commercial mortgage-backed securitization to be threatened with downgrades after one of the underlying loans went into special servicing.
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Spreads on commercial mortgage-backed securities blew out over the past two weeks, widening substantially on concerns over credit quality in recent vintage deals and a general negative sentiment in the market.