CMBS

The former Bear Stearns headquarters building at 245 Park Avenue, a long-time home to cornerstone financial services tenants as well as Major League Baseball, is the sole property backing a new single-borrower $500 million commercial mortgage securitization.

The next single-asset CMBS to hit the market is backed by the land under an iconic Manhattan address known as the Lipstick Building.

Velocity Commercial Capital is launching a small-balance commercial mortgage securitization, according to Kroll Bond Rating Agency.

Late payments on loans securing commercial mortgage-backed securities rose in April as borrowers failed to make balloon payments on maturing loans.

Agency mortgage-backed securities issuance increased in 2016, rising to $1.6 trillion from $1.3 trillion, while nonagency mortgage securitization issuance decreased.

Late payments on securitized commercial mortgages rose again in March, led by industrial and retail property loans.

Wells Fargo's next offering of commercial mortgage bonds is unusually concentrated in a relatively small number of large loans, though many are high-quality properties located in strong markets.

Goldman Sachs is selling $1.02 billion of bonds refinancing the Blackstone Group's acquisition of the Willis Tower, formerly known as the Sears Tower.

Wall Street speculators are zeroing in on the next U.S. credit crisis: the mall.

Late payments on securitized commercial mortgages resumed climbing in February, after an unexpected pause the previous month, according to Trepp.