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CMBX differential 'too wide'
Markit CMBX.6.BB reference obligation spreads have tightened by 135bp since the beginning of the yea...
News Round-up 30 July 2014 -
CMBS leverage on track to match peak
US conduit CMBS loan leverage is now growing at such a pace that by 2017 it will have returned to it...
News Round-up 30 July 2014 -
Servicer transfer practices examined
A recent Moody's analysis shows that although the servicing transfer practices of Ocwen and Nationst...
News Round-up 29 July 2014 -
Interest underpayment corrected
Comenity Bank has corrected an error in the calculation and distribution of interest to WFNMT 2014-A...
News Round-up 29 July 2014 -
Buying opportunity for LUSI bonds
Senior Lusitano RMBS bonds have cheapened by 0.5-2.5 points since Espirito Santo International faile...
News 28 July 2014 -
Risky sharing?
GSE deals may underpay for risks involved
Fannie Mae printed its US$2.05bn CAS Series 2014-C03 deal earlier this month, with structural innova...
News Analysis 28 July 2014 -
Credit enhancement to support NC RMBS
The UK non-conforming RMBS sector has benefitted greatly from the low interest rate environment. The...
News 25 July 2014 -
Non-core sales bring CMBS boost
The recapitalisation of European CRE lenders through non-performing or non-core CRE loan sales shoul...
News 24 July 2014 -
Defeasance on the rise
US CMBS loan defeasance volume has increased significantly over the last 18 months, jumping from an...
News Round-up 24 July 2014 -
Spanish REO sale 'credit positive'
InterMoney has opened a competitive portfolio sale of repossessed properties backing the IM Pastor 2...
News Round-up 23 July 2014 -
Mixed bag out for busy CMBS session
US CMBS BWIC volume totalled around US$650m yesterday as a mixed bag of securities from various vint...
Market Reports 23 July 2014 -
HARBM 3 hit by lack of credit support
The Harbourmaster CLO 3 class B tranche last week defaulted at the deal's legal final maturity. The...
News 23 July 2014 -
Second-lien loans gain favour
US CLO managers are divesting bonds in their portfolios in anticipation of rising interest rates and...
News Round-up 22 July 2014 -
Falling factors push pricing premium
Bonds with lower factors are increasingly common on US non-agency RMBS bid-lists. As it becomes more...
News 22 July 2014 -
Trups CDO sale due
Bank of New York Mellon, as trustee for the Preferred Term Securities XII CDO, has retained Stifel,...
News Round-up 22 July 2014 -
IDEA student loan programme mooted
US Senators Mark Warner and Marco Rubio last week introduced a student loan bill, called 'The Dynami...
News Round-up 22 July 2014