The next single-asset CMBS to hit the market is backed by the land under an iconic Manhattan address known as the Lipstick Building.
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The $500 million commercial mortgage that serves as collateral was underwritten by Deutsche Bank and Citigroup; it allowed the building's owner, Alexander's, to cash out $187 million of equity.
June 13 -
A $279 million bond offering is backed by near prime loans contributed by seven third-party investors; to earn an A from KBRA, they had to offer 52.25% credit enhancement.
June 13 -
Banks and other firms collecting defaulted debt originated by another company are not subject to the kinds of restrictions placed on third-party debt collectors, the Supreme Court ruled Monday in a unanimous decision.
June 12 -
Shipping companies need more units to meet a rise in global trade, and they’re not in a position to add to their own fleets.
June 12 -
The Trump Administration’s anti-regulatory agenda has yet to permeate the Securities and Exchange Commission, which remains opposed to relief for collateralized loan obligations.
June 9
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Credit card losses are climbing as consumers take on more debt, but so far the performance of bonds backed by credit card receivables is holding up.
June 9 -
Fannie Mae chose three winning bidders for its 10th nonperforming loan sale, which consisted of 3,400 loans with an unpaid principal balance of $581 million.
June 9 -
The deal is the second this year from the Mill City shelf; all told, five issuers have completed 15 deals totaling $8.4 billion; the consistent supply is attracting strong investor interest
June 9 -
This type of lending is in high demand, but most of it is being done on balance sheets by banks and insurers; transactions like this are still relatively rare.
June 8 -
Large banks have scaled back lending as competition has intensified and credit unions and financing arms of car manufacturers are picking up the slack.
June 8 -
The bonds are backed by contract payments on customer cellphones, a new asset class that has proven popular because of its high payment priority and potential for sizable issuance.
June 8 -
On Tuesday, state legislators voted to override Gov. Sam Brownback’s veto of a bill that would raise state income taxes, effectively killing a plan to reduce the budget gap by securitizing tobacco settlement payments.
June 7















