JP Morgan and Barclays are preparing to launch a $1.19 billion CMBS conduit that is collateralized by 68 fixed-rate commercial mortgage loans that are secured by 151 properties.
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Investors and Issuers continued to grow comfortable with non-traditional securitizations in 2013; volumes for the sector neared $30 billion, the most issuance seen since 2007.
December 19 -
JP Morgan and Barclays priced the final conduit of the year, JPMBB 2013-C17. The super senior, 10-year notes sold two basis points wide of recent pricing.
December 19 -
The $14.3 billion-asset company sold its entire portfolio of collateralized loan obligations, with a cost-basis of $431 million, at a loss of $1.4 million on Tuesday.
December 19 -
Volumes for enhanced equipment trust certificate (EETC) deals got a $256 million boost after American Airlines priced its C- tranche offering.
December 19 -
Ginnie Mae's first phase of its new securitization platform will makes it easier for MBS issuers to request commitment authority or transfer servicing.
December 19
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Corporate borrowers would likely see financing margins increase by more than one-third if CLOs are required to keep skin in the game of these deals, according to a study commissioned by the Loan Syndication and Trading Association.
December 18 -
Wells Fargo and RBS priced the super-senior triple A class of WFRBS 2013-C18 in line with recent conduit pricing.
December 18 -
Newtek Business Services sold an additional $24.4 million of single-A rated securities from its small business loans trust.
December 18 -
Fitch Ratings expects the recent rate of improvement in U.S. residential mortgage bonds will moderate over the next year as home price appreciation slows.
December 18 -
The ratings agency said it plans to track performance measures such as charge-off rates, delinquency rollover rates, yields and excess spread to provide insight beyond the ratings.
December 18 -
The stricter lending requirements in the current environment will spell trouble for some of the $346 billion in CMBS loans slated to mature between 2014 and 2017, according to Trepp.
December 17
