The Federal Reserve won’t taper its MBS purchasing program, despite some improvement in the U.S. economy and contrary to what securitization market industry players expected.
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Paragon Mortgages, the specialist U.K. buy-to-let (BTL) lender, said it plans to do two securitizations per year, with the next deal planned for spring 2014.
December 2 -
The U.S. ABCP market remains on its path of decline, with total outstandings falling 18% so far this year, according to Fitch Ratings.
December 2 -
Goldman Sachs International Bank and Societe General priced Italys first post-crisis CMBS backed by a loan secured on Italian retail properties, according to market reports.
December 2 -
Moodys Investors Service predicts that, within the space of commercial mortgage backed securities, rising interest rates next year will heighten both the term risk of new deals and the refinance risk of outstanding ones.
December 2 -
Starwood Capital Group plans to issue a CMBS backed by a $760 million loan that was jointly originated by Barclays, The Royal Bank of Scotland and JPMorgan Chase Bank.
December 2
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Fresh supply will outstrip run-off as analysts from the bank forecast that net supply would be $5 billion.
November 27 - Europe
Moodys Investors Service has found that loss severities on securitized mortgages linked to repossessed properties are the highest in Spains tourist regions. But theyre still within the agencys assumptions.
November 27 -
The new series will be secured by a pledge from the 2004-1 certificates, which in turn, are backed by a pool of receivables linked to revolving Visa accounts held with World's Foremost Bank.
November 27 -
The largest tranche, for $274 million, is rated triple-A and priced to yield 3.6863%. Its weighted average life is 9.87 years.
November 27 -
Barclays anticipates that the securitization market will readily absorb the $48 billion of CMBS loans set to mature in 2014.
November 26 -
The Federal Housing Finance Agency has backed away from lowering the loan limits on Fannie Mae and Freddie Mae loans in 2014.
November 26 -
Moodys Investors Service said it expect an increase of auto loan securitizations from regional banks like M&T Bank, Fifth Third Bank and California Republic, to increase in 2014.
November 26
