Moodys Investors Service just flagged a risk in bonds backed by single-family rentals: there arent enough special servicers. Right now, the field is limited to two players: Midland Loan Services and Situs Holdings.
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Morgan Stanley is securitizing two floating-rate loans totaling $305 million that are in turn backed by hotel and mall properties.
November 3 -
B2R Finance is marketing a second pool of loans secured by rental properties that is both larger and better supported than the issuer's inaugural deal.
November 3 -
Bank of America has agreed to pay $335 million to settle a lawsuit claiming it misled shareholders about risky mortgages and its dependence on the electronic mortgage registry known as MERS.
November 2 -
BlueVirgo Capital Management is marketing $106.1 million of bonds backed by tax lien certificates on New Jersey and Florida based properties, according to Kroll Bond Rating Agency.
November 2 -
Five Oak Investment Corp, a real estate investment trust that manages a portfolio of agency and non-agency RMBS, is back with a second securitization this year, according to Kroll Bond Rating Agency.
November 2
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Hotels feature heavily in the collateral pool that backs the latest Deutsche Bank and Cantor Fitzgerald-led conduit CMBS.
November 2 -
A slowdown in cigarette consumption declines, a settlement in New York with the big tobacco companies, and strong demand for risk assets is supporting a rally in the high-yield tobacco bond sector
November 2 -
Issuance totals for ABS, MBS and CMBS for the year through Oct. 29, 2015.
October 30 -
Deutsche Bank is exiting agency residential mortgage-backed securities trading as part of a larger strategic plan announced Thursday that cuts thousands of positions in numerous business lines worldwide.
October 30 -
Paragon mortgage plans to issue £100 million worth of bonds backed by U.K. buy-to-let mortgages, according to Moody's Investors Service.
October 30 -
Nissan Motor Acceptance Corp. is marketing its second auto lease securitization of the year.
October 30 -
Commercial real estate lender Hunt Mortgage Group has hired Amy Shah to build and launch a collateralized loan obligations platform.
October 30
