CMBS

EagleBank has been approved as the 13th Ginnie Mae multifamily mortgage-backed securities issuer

The trend of putting ever-smaller pieces of the same commercial mortgages into multiple securitizations requires investors to be extra careful, and will inevitably make workouts of bad loans more complicated.

Goldman Sachs is marketing nearly $1 billion of commercial mortgage bonds backed primarily by office and retail properties.

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.

The bank is holding on to $31.7 million of the notes to be issued in the $635 million conduit transaction in order to comply with risk retention rules, according to ratings agency presale reports.

Commercial mortgage loan originations in 2017 are expected to increase 3% over last year to a record high, as market fundamentals and property prices remain strong, according to the Mortgage Bankers Association.

SL Green Realty Corp. is tapping the securitization market to refinance 485 Lexington Ave., a 32-story office building in Midtown Manhattan.

Late payments on securitized commercial mortgages fell modestly in January, bucking the recent trend.

Invitation Homes, the real estate investment trust controlled by private equity firm the Blackstone Group, has found a new source of financing for its portfolio of single-family rental homes: Fannie Mae.

A $90 billion wave of maturing commercial mortgages, leftover debt from the 2007 lending boom, is laying bare the weak links in the U.S. real estate market.

Weakness in the energy sector and a surge in new construction are pushing up vacancy rates at offices and hotels, leading to a spike in delinquencies on loans tied to them. The safer bet, bankers say, is lending on industrial properties.