The powerful storm surge produced by Hurricane Sandy has added momentum to the federal government’s efforts to farm out a portion of the risk now borne by the National Flood Insurance Program (NFIP), and their appears to be a strong appetite in the private market.

March 3
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  • Property data company CoreLogic has hired Michael Ceppetelli as a senior vice president.

    April 30
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  • Lone Star Funds plans to issue $281 million of commercial mortgage bonds backed by 211 mortgage loans secured by mostly multifamily properties, according to a presale report published by DBRS.

    April 30
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  • Three commercial mortgage securitizations totaling $3.5 billion priced this week, ending a lull in issuance that began at the end of March.

    April 30
  • S&P has rated $260 million of class A notes offered under the capital structure ‘A+.’ The $17.5 million class B notes are rated ‘BBB’. The LTV on all the series is 70%.

    April 29
  • Freddie Mac is marketing $1.2 billion of structured pass-through certificates that are backed by fixed-rate multifamily mortgages with a seven-year term.

    April 29
  • Residential mortgage bonds backed by qualified mortgages, as well as non-qualified mortgages, are no doubt on the drawing board if not in the works, as issuers run out of earlier loans to securitize; however experts diverge on the composition of the first deals.

    April 29
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  • The $780 million deal, Ford Credit Owner Trust 2014-REV1, will be placed with qualified institutional investors via the Rule 144A market.

    April 29