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In a hefty commercial mortgage-backed securities transaction, BANK 2019-BNK22 is preparing to launch a $2.3 billion deal secured by 58 CRE loans on a wide mix of properties, including co-ops, offices and multifamily.
October 24 -
The outlook for hotels and suburban offices is still questionable, but the prognosis for other property types in the securitized commercial real estate market remains fairly strong, according to Moody's Investors Service.
October 23 -
It's difficult for European banks to sell their non-performing loans using securitizations, and rules should be put in place to make the process more attractive, according to the bloc's top banking regulator.
October 23 -
The PSMC 2019-3 Trust is bringing $298.6 million in notes to the market, backed by residential mortgages rounded up by subsidiaries of American International Group.
October 23 -
CommonBond is coming to the securitization market again with another trust that uses the highly selective prefunding period feature to issue notes backed by private, refinanced student loans.
October 23 -
CarMax Auto Owner Trust, 2019-4 is bringing $1.1 billion to the asset-backed securities market with slight decreases in overall credit enhancements. Yet those credit enhancement changes reflect a stronger pool of loans, not increased risk-taking.
October 23 -
The $757.2 million Chase 2019-CL1 will be structured to sell notes that are tied to a reference pool of 979 residential mortgage loans – all of which will remain on JPMorgan’s books rather than being transferred to a trust.
October 22 -
The housing finance industry supports a proposed rule revision that would exempt banks regulated by the Federal Deposit Insurance Corp. from an RMBS disclosure requirement.
October 22 -
No investor wants to touch the riskiest high-yield debt. The bank’s asset manager says it’s cheap enough that there are opportunities.
October 22 -
Air Lease Corp. is making a straightforward trip to the asset-backed securitization market with two trusts that will raise $437 million to purchase aircraft for its aircraft lease and management business.
October 22









