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.
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.
Fannie hasn't completed any credit risk transfers to private investors since the second quarter. Some experts worry the decision — likely spurred by the company’s concerns about a recent capital regulation — could put the mortgage giant on unsteady footing.
The $310.47 million GLS Auto Receivables Issuer Trust 2020-4 collateralizes 13,316 loans with an average borrower FICO of 573. That is lower subprime territory, but is slightly higher than any of GLS’ most recent securitizations, according to a report from DBRS Morningstar.