-
Macy's, Sears closures affect CMBS
Macy's has revealed a list of 68 stores that it will close in the near term, while Sears has announc...
News 6 January 2017 -
CMBS credit metrics 'mixed'
US conduit/fusion CMBS credit metrics were mostly steady in the final quarter of 2016, although S&am...
News Round-up 6 January 2017 -
Student housing CMBS examined
LTV and DSCR metrics weakened marginally for student housing loans securitised in new issue US CMBS...
News Round-up 6 January 2017 -
Issuance estimates revised upwards
Most structured finance markets and their credit conditions seem favourable and in some cases ideal...
News Round-up 5 January 2017 -
Loss severities down
US CMBS disposition volume last month dropped to US$595.3m across 54 loans, down from November's tot...
News Round-up 5 January 2017 -
CMBS delinquencies climb again
The Trepp US CMBS delinquency rate hit its highest level in 14 months in December. The rate has incr...
News Round-up 4 January 2017 -
Law firm nabs SF vet
Norton Rose Fulbright has hired Patrick Dolan as a partner to the firm, joining from Dechert. He foc...
Job Swaps 4 January 2017 -
Firm acquires NPL portfolio
Bain Capital Credit has acquired a €364m portfolio of Spanish non-performing loans. It com...
News Round-up 3 January 2017 -
Opus completes multifamily Freddie deal
Opus Bank has securitised US$509m of its multifamily loans through a Freddie Mac-sponsored 'Q-deal'...
News Round-up 3 January 2017 -
Lack of occupancy triggers EOD
The 129-131 Greene Street loan, securitised in GSMS 2014-GC26, has been transferred to special servi...
News Round-up 23 December 2016 -
Property prospects
Hiring remains flat, but CMBS up-tick possible
CMBS could provide a hiring boost in the US in 2017, while structured finance recruitment is likely...
News Analysis 23 December 2016 -
IRT internalisation completed
RAIT Financial Trust has completed its transaction to internalise the management of Independence Rea...
Job Swaps 22 December 2016 -
Class X appeal dismissed
The English Court of Appeal has reached the same conclusion regarding the Titan CMBS class X claim a...
News Round-up 22 December 2016 -
Mesdag retranching rated
Fitch and S&P have rated Commercial Mortgage Funding, a securitisation of a €27.9m...
News Round-up 22 December 2016 -
Primary servicing volumes up
In its latest quarterly US RMBS Servicer Handbook, Fitch highlights the rapid growth of portfolios a...
News Round-up 21 December 2016 -
Mixed blessing
Retention rules not so onerous for CRE CLOs
Risk retention requirements raise interesting issues for the CRE CLO sector. The typical CRE CLO mod...
News Analysis 20 December 2016