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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

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.

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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.

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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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