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.
A subsidiary of Chimera Investment Corp. has just closed a $268.7 million RMBS, according to a private placement memorandum obtained from a market source.
A CMBS backed by 76 mortgages that are in turn secured by 91 properties is coming to market, according to presales by Fitch Ratings and Kroll Bond Rating Agency.
Bondholders in CMBS with exposure to Macerich Co. would be wise to watch how Simon Property Group's $22.4 billion bid for the mall operator unfolds.
If you want to know what a Greek exit from the euro would do to the 16.7 billion ($19 billion) of bonds out there backed by Greek assets, a good place to start is Argentina.
A new $913.5 million CMBS is in the market, according to a presale from DBRS.
JPMorgan Securities is arranging a $353 million RMBS securitizing 677 prime pre-crisis mortgages originated by Merrill Lynch Credit Corp.
The Russian ruble is in freefall it's down more than 50% since January and interest rates are climbing on the back of the Bank of Russia's aggressive efforts to shore up the embattled currency.
The risk that the failure to refinance a loan collateralizing a single-family rental securitization would cascade into a "widespread" decline in property prices is low, according to Moody's Investors Service.
Freddie Mac has priced two bonds that offload the risk of a reference portfolio of mortgages insured by the agency.
In another sign of strong demand by investors for nonperforming residential mortgages, the asset class is edging closer to more rated, public securitizations a rarity in this largely opaque market.