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.
Within the span of a year, institutional investors with large portfolios of single-family properties have tapped the securitization market with nine deals, creating an alternative form of exposure to the housing market.
Redwood Trust is coming back to the market with its second residential mortgage-backed security of 2014, according to a presale report from Kroll Bond Ratings Agency.
Players in the REO-to-rental space see a bright future in pooling the cash flows of many operators into conduit transactions, but some believe the market is getting ahead of itself.
A building containing Macys corporate headquarters secures the loan collateralizing the $450 million commercial mortgage-backed securitization.
Rising interest rates next year will heighten both the term risk of new deals and the refinance risk of outstanding commercial mortgage-backed securities, but Moodys ratings could remain stable.
Redwood Trust continues to be the most active seller in the post-crisis jumbo residential-mortgage-backed securities market.
It was predictable that ABS East would be rife with criticism of the way eminent domain is being used by local governments to seize mortgages.
The Structured Finance Industry Group has elected a new, 40-person permanent board.
If implemented as-is, the latest risk retention proposals that U.S. regulators released Aug. 28 will lead to changes in deal structure and credit quality in commercial mortgage-backed securities.
The issuance of U.S. commercial mortgage-backed securities has totaled $56 billion so far this year, handily beating the $48 billion place in all 2012