Felipe Ossa
Senior EditorFelipe Ossa is senior editor of Structured Finance News and a contributor to National Mortgage News.
Felipe Ossa is senior editor of Structured Finance News and a contributor to National Mortgage News.
With few foreclosed homes left to pick up on the cheap, the biggest landlords are buying, or building, new single-family homes to pad their portfolios; mortgages on these properties could show up as collateral in rental bonds.
The rising number of Chinese buying U.S. homes could be a boon for investors with a stake in residential mortgages.
Analysts at Kroll Bond Rating Agency predict issuance in bonds backed by commercial mortgages could hit $125 billion next year, even with borrowing costs rising as interest rates go up.
Most investors in a JPMorgan survey said they want to ditch the pricing benchmark now used for a variety of asset-backed bonds the swaps curve and go back to Treasuries. But it's not so easy.
Fannie Mae just took out a potential chunk of private label CMBS supply. The government-sponsored enterprise said it's helping fund Blackstone's purchase of Stuyvesant Town.
When news broke in October that New York's Stuyvesant Town was being sold, observers expected the $3 billion loan on the property to be paid off without a glitch.
JPMorgan is sounding the alarm about bank capital rules on the horizon that could nearly wipe out secondary trading in most kinds of asset-backed securities.
Commercial-mortgaged-backed, auto-loan and other securitizations use what is known as the swaps curve to price floating-rate deals. But pricing volatility is causing some to ask whether the market should go back to Treasuries after a 15-year hiatus.
Commercial mortgages bundled into securities will keep seeing their underwriting standards deteriorate from this year into 2016, said JPMorgan analysts in a report Wednesday.
Morgan Stanley is readying a deal backed by 57 commercial mortgages.
Freddie Mac is prepping its next risk-sharing deal, according to presales from Fitch Ratings and Kroll Bond Ratings.
The inclusion of a loan secured by Chicago's Prudential Plaza in a recent CMBS is causing a stir.
Freddie Mac has taken out another reinsurance policy that transfers the risk that mortgages it insures will default.
The Federal Housing Administration's recent determination that loans used to finance energy-efficient home improvements rank second in payment priority, behind mortgages, isn't the setback that it might seem to be.
What's it going to take to boost annual issuance of private-label RMBS roughly tenfold to $100 billion-$150 billion?
Moody's Investors Service just flagged a risk in bonds backed by single-family rentals: there aren't enough special servicers.
Mortgage securitizer Ginnie Mae could get hit if a proposed deadline for filing claims on FHA-insured loans goes into effect.
If you want to know what a Greek exit from the euro would do to the 16.64 billion ($18.54 billion) of bonds out there backed by Greek assets, start with Argentina.
It's not clear how much capital European insurers will need to hold against their investments in U.S. securitizations or whether they can even invest in some of these deals at all.
Glenn Costello, a structured finance veteran cited through the years in the pages of the Asset Securitization Report for his sharp analysis, particularly of residential mortgage-backeds, died on April 6.