The CMBS new-issue pipeline is still growing. This week adds a new $1.4 billion single-loan deal backed by the Ala Moana Center mall in Honolulu, Hawaii.
-
Shawn Miller has parted ways with nonperforming mortgage investor Arch Bay Capital, but is now starting a new origination firm backed by the company he left.
June 11 -
Three new auto-related deals are adding to what already accounts for the bulk of this year's ABS issuance.
June 11 -
Tranches in Freddie Mac’s multifamily securitizations — known as K-deals — are more appealing investments than their comparable conduit counterparts, even in deeply uncertain macro circumstances, said Barclays analysts in the bank’s CMBS Strategy Weekly report.
June 11 -
MassMutual Asset Finance LLC is marketing a $705 million equipment lease securitization.
June 11 -
Matthew S. Feig has hopped over to Stroock & Stroock & Lavan from Cadwalder, Wickersham & Taft. He was started June 7 in the N.Y. office as special counsel in the structured finance and insurance practice groups.
June 11
-
Catastrophe bond issuer Long Point Re III has issued a catastrophe bond worth $250 million, according to a release from GC Securities, which structured the deal. The shop was also a joint bookrunner with Swiss Re Capital Markets. BNP Paribas and Aon Benfield Securities acted as co-managers.
June 11 -
This could be the big week when Moody's Investors Service goes after the credit ratings of global capital market banks. On the chopping block are 17 global banks, including JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley.
June 11 -
Competition from jumbo loans and recent delays in key secondary market regulations are key hurdles holding back the long-awaited return of this secondary market, which is making some strides in other areas.
June 10 - Europe
Fitch Ratings said today that it downgraded 150 RMBS, 58 Structured Credit, 23 ABS and three CMBS tranches related to 156 Spanish structured finance transactions.
June 8 -
Fannie Mae is moving closer to launching a pilot program to dispose of some of its nonperforming residential loans, according to industry advisors familiar with the GSE’s plans.
June 8 -
Walker & Dunlop announced today the acquisition of CW Capital LLC . The combination will create one of the largest commercial real estate lenders in the nation.
June 8 -
Moody's Investors Service said in a report this week that the growing gap in performance between stronger and weaker malls requires a closer look.
June 8