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Liquidation proceeds hit BACM 2008-1
The February remit report for BACM 2008-1 shows that proceeds from the sale of a property identified...
News Round-up 11 February 2014 -
CMBS note sales scheduled
An estimated US$465m of delinquent CMBS loans are due for sale via Auction.com next month. JPMCC 200...
News Round-up 11 February 2014 -
ABS CDO on the block
An auction has been scheduled for RFC CDO II on 3 March. The collateral shall only be sold if the pr...
News Round-up 10 February 2014 -
Legacy, new issue metrics diverging
Legacy US CMBS market metrics continued improving last quarter, while several key indicators for new...
News Round-up 7 February 2014 -
Lack of supply hits Euro CMBS
Activity has slowed in the European secondary CMBS market as paper has become harder to come by. Whi...
Market Reports 7 February 2014 -
MFDRA expiration to pressure recoveries
The recently expired tax relief provided by the Mortgage Forgiveness Debt Relief Act (MFDRA) may lea...
News Round-up 7 February 2014 -
Settlement payments materialising
Settlement payments from two mortgage insurers were reflected in last month's US RMBS remittances. ...
News Round-up 7 February 2014 -
Larger loans set for liquidations
US CMBS special servicers are anticipated to increase the rate at which they liquidate loans over th...
News Round-up 6 February 2014 -
STACR approach refined
Freddie Mac is in the market with its first risk-sharing transaction of the year. The US$600m STACR...
News Round-up 6 February 2014 -
CMBS BWIC volume builds
BWIC volume continued to grow in the US CMBS market yesterday, reaching around US$450m for the sessi...
Market Reports 6 February 2014 -
Liquidation benefit?
Bulk sales key to CMBS delinquency rate and investor fortunes
The US CMBS delinquency rate has been falling month after month since last summer. The recent CWCapi...
News Analysis 6 February 2014 -
ABS supply picks up
US ABS BWIC volume picked up yesterday to around US$184m, with supply mainly driven by auto names. H...
Market Reports 5 February 2014 -
RMBS tender amended
Fir Tree Partners has amended certain terms of its cash tender offer for six RMBS that are subject t...
News Round-up 5 February 2014 -
'Unusual' accounting flagged
A number of US RMBS that were originally serviced by Bank of America but were recently transferred t...
News Round-up 5 February 2014 -
Varied lease renewal rates in US CMBS
US CMBS credit quality has improved in many ways, but upcoming lease expirations continue to provide...
News 4 February 2014 -
Stronger start for US RMBS
It was a promising start to the week for US RMBS, as non-agency BWIC volume picked up to reach US$47...
Market Reports 4 February 2014