Bulk sales of distressed CMBS assets by special servicers help drive delinquencies down in the space but may expose senior mezzanine/AJ tranches to losses.

October 11
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  • Although Ocwen Financial agreed to pay more than $2 billion to settle allegations it mishandled foreclosures and mortgages for thousands of borrowers, it could have been even worse for the country's largest nonbank servicer.

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  • ABS

    The Basel Committee on Banking Supervision has proposed to relax securitization capital charges will lead to “meaningful reductions” in capital requirements.

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  • JP Morgan and Barclays priced the final conduit of the year, JPMBB 2013-C17. The super senior, 10-year notes sold two basis points wide of recent pricing.

    December 19
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    December 19