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Glenwood Springs, USA - June 29, 2019: Shopping meadows mall par
Glenwood Springs, USA - June 29, 2019: Shopping meadows mall park buildings stores in Colorado town near red mountain and cars parked
Kristina Blokhin - stock.adobe.c

Top CRE lenders launch CMBS with increased risks

Three major commercial mortgage lenders have teamed up again this year to securitize $871 million in properties in a CMBS deal that provides investors with a highly concentrated loan pool and higher leverage.

(Full story here.)
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CKE Holdings drives $400 million ABS deal to successful finish

The franchisor and operator of restaurants under the Carl's Jr. and Hardee's brands, CKE Holdings priced a $400 million transaction below pricing guidance that slightly increases the private-equity-held company's leverage.

(Full story here.)
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Genesis Financial's third securitization faces challenging environment

Genesis Financial Solutions is pursuing a $135.9 million securitization of credit card receivables, including riskier point-of-sale credits that should provide investors with attractive spreads.

(Full story here.)
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Forborne mortgages have similar traits to those likely to default

A Freddie Mac study of loans in forbearance from 2017 and 2020 found that, over both periods, borrowers had low credit scores and high debt-to-income ratios.

(Full story here.)
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