The Latest

Lone Star Funds plans to issue $281 million of commercial mortgage bonds backed by 211 mortgage loans secured by mostly multifamily properties, according to a presale report published by DBRS.

Three commercial mortgage securitizations totaling $3.5 billion priced this week, ending a lull in issuance that began at the end of March.

S&P has rated $260 million of class A notes offered under the capital structure ‘A+.’ The $17.5 million class B notes are rated ‘BBB’. The LTV on all the series is 70%.

Freddie Mac is marketing $1.2 billion of structured pass-through certificates that are backed by fixed-rate multifamily mortgages with a seven-year term.

Residential mortgage bonds backed by qualified mortgages, as well as non-qualified mortgages, are no doubt on the drawing board if not in the works, as issuers run out of earlier loans to securitize; however experts diverge on the composition of the first deals.

The $780 million deal, Ford Credit Owner Trust 2014-REV1, will be placed with qualified institutional investors via the Rule 144A market.

The Senate Banking Committee will delay a vote on its highly anticipated legislation to overhaul the housing finance market, a Senate aide confirmed Tuesday morning, just hours before the markup was scheduled to begin.

Bayview Asset Management plans to issue $185 million of bonds secured by a pool of non-conforming residential mortgage loans, according to a Standard & Poor’s presale report.

The triple-A rated notes issued from the sponsor's Discover Card Execution Note Trust are being talked in the swaps plus 25 basis point area.

Under the proposed changes, credit enhancement levels for securitizations backed by credit card receivables and revolving consumer loans will more explicitly incorporate the effects of a sponsor default.