Moody's Investor Service said today in an "unsolicited" comment that the JP Morgan Chase CMBS conduit, Commercial Mortgage Securities Trust 2012-C8, lacks sufficient credit enhancement throughout most of the deal's capital structure.
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Bob Ryan, a senior HUD official who launched FHA’s foray into risk management as it pertains to lenders, has accepted a position within the capital markets group at Wells Fargo Home Mortgage, according to two Washington sources who have been briefed on the matter.
December 14 -
Trepp reported today that the $72 million Kings' Shops CMBS loan modified in an A/B note structure, saw the B portion of the note written off entirely.
December 14 -
DFG Investment Advisers, a New York-based money manager, is prepping its first collateralized loan obligation, the $317 million Vibrant CLO.
December 14 -
Bank of America has escalated a longstanding dispute with MBIA over securities backed by residential mortgages.
December 14 -
Evan Malik has joined BNP Paribas’ securitization group, a spokeswoman at the bank confirmed today.
December 13
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Goldman Sachs priced its $300 million CMBS deal backed by Bridgewater Commons, a three-story, 992,561 square foot super-regional mall and adjacent lifestyle center located in Bridgewater, New Jersey.
December 13 -
Westgate Resorts is planning a $94 million securitization of timeshare loans, its third transaction for 2012, according to a presale report by Standard & Poor’s.
December 13 -
JP Morgan priced its JPMCC 2012-LC9 commercial mortgage backed conduit deal on Wednesday. The transaction is the last scheduled for 2012.
December 13 -
Standard & Poor’s issued presale reports on two collateralized loan obligations this week, putting issuance for the year to date near $50 billion, by the ratings agency’s count, and near the 2005 total of $53 billion.
December 12 -
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David Kucera has retired as head of the securitization business at BMO Capital, he confirmed today.
December 12 - Europe
High capital charges for securitizations under the new Solvency II directive could lead European insurers to dramatically reduce exposure to the asset class and invest in covered bonds instead, said Standard & Poor’s this week.
December 12
