BANK 2017-BNK6 is a transaction backed by 72 fixed-rate commercial property loans covering 189 properties, including midtown Manhattan's iconic General Motors Building.
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Lawrence Berkovich joins as a partner from a nearly two-year stint at Ashurst; he follows in the footsteps of five other A&O finance practice partners who left Ashurst's NY office last year.
August 17 -
Auto, personal and credit card originations have fallen as delinquencies have risen, but researchers called the slowdown a temporary rebalancing by lenders.
August 16 -
Although challenges have accelerated for certain segments of the U.S. retail industry, the exposure to troubled retail in U.S. structured finance sectors is limited, posing small-to-modest risks for some asset classes.
August 16 - Europe
Last-minute revisions to European securitization regulation are raising concerns about the ability of banks to unload over €1 trillion of bad loans – considered a crucial step in boosting lending and jump-starting the region’s flagging economy.
August 15 -
Balances 90 days past due are noticeably higher in 2017, new N.Y. Fed data shows. Though the trend has a lot to do with positives like economic expansion and easier access to credit, officials say it deserves careful attention.
August 15
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A $507.6 million first mortgage on the Hotel del Coronado, a 130-year-old landmark with 1,400 linear feet of direct ocean frontage, is being securitized in BBCMS 2017-DELC. Barclays is the loan seller.
August 15 -
Payday lenders and arbitration supporters are claiming the CFPB has met more often with consumer groups than industry, laying the groundwork for likely lawsuits on key rules.
August 14 -
Boston Properties and the Teachers Insurance and Annuity Association are refinancing the property, which occupies an entire block in the city's media and entertainment district.
August 14 -
The shipping container lease company is marketing $350 million of notes backed by its largest-ever portfolio of dry bulk container lease receivables.
August 13 -
Prestige's $335.2m portfolio is the first of the year for the Utah lender specializing in funding buyers emerging from bankruptcy. Flagship is selling $223m in notes backed by loans to deep subprime customers.
August 13 -
Average FICOs are declining in both lenders' pools, and Nissan Motor Acceptance Corp. is including more borrowers with sub-700 scores in its prime portfolio than in three prior auto-loan securitizations.
August 10 -
The real estate investment trust acquired or aggregated $4.7B in prime jumbo loans in 2016, and has fed the securitization market with six deals this year with a collective pool balance of $2.22B.
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