Latest news
Latest news
As well as deals backed by new loans, it will call and refinance 2023 deals
Meanwhile, BNP Paribas hires in structured finance
Aspire's first deal is a $391.28m non-prime securitization
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Market bellwether Granite, Northern Rock’s residential mortgage-backed vehicle, has seen prices drop across its capital structure in recent days as securitization officials in London seeing a “flight to quality” amid new market jitters.
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Paul Jablansky, former senior non-agency mortgage-backed securities and consumer asset-backed securities strategist at the Royal Bank of Scotland, has jumped to Western Asset Management, where he’ll serve as co-head of the mortgage investment team.
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The delinquency rate of loans in U.S. commercial mortgage-backed securities surged to a record 9.88% in July, according to Trepp. The data firm reported the 51 basis point increase as the largest monthly rise of the year.
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Prima Capital Advisors has pulled a $60 million commercial real estate-backed collateralized debt obligation after Standard & Poor’s suspended ratings on commercial mortgage-backed securities and as global fiscal crises continue to wreak havoc on the CMBS market.
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The Senate Banking Committee held a hearing Tuesday to consider a national mortgage servicing standard.
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Ally Financial’s second quarter income has plunged 80% to $113 million from a year ago, amid high mortgage repurchase costs.
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Deutsche Bank faces a second lawsuit in as many months over residential mortgage backed securities, this time from Teachers Insurance & Annuity Association of America.
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Russell Investment Management Company is rolling out a new exchange traded fund to invest at least 80% of its value in fixed-income assets, with a particular focus on mortgage bonds, according to the prospectus filed with the U.S. Securities and Exchange Commission.
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The average loss severity on conduit loans in U.S. commercial mortgage-backed securities fell to 40.2% last month, from 46.4% in July, according to Trepp.