Subject: Commercial MBS (CMBS)
Lenders Can’t, or Won’t, Sell B-Notes
Commercial Real Estate Direct Staff ReportCommercial mortgage lenders are said to be sitting on a substantial pile of B-notes that could have fallen substantially in value.But because those notes are still performing as expected, few are said to be eager ...
CMBS Spreads Firm on Top, Widen Elsewhere in Stack
Commercial Real Estate Direct Staff ReportAfter more than a month of steady widening, spreads on AAA-rated CMBS have firmed substantially.A near deluge of transactions late last week notwithstanding, spreads on super-senior AAA bond classes tightened to 57-59 basis points above ...
CMBS Spreads Firm on Top, Widen Elsewhere in Stack
Commercial Real Estate Direct Staff ReportAfter more than a month of steady widening, spreads on AAA-rated CMBS have firmed substantially.A near deluge of transactions late last week notwithstanding, spreads on super-senior AAA bond classes tightened to 57-59 basis points above ...
B-Piece Buyers Kick up Kick-Outs
Commercial Real Estate Direct Staff ReportBuyers of CMBS B-pieces, many of which have been laying low since volatility in the structured finance markets increased appreciably over the past few weeks, are becoming pickier in terms of what loans they allow ...
Volatility Continues to Plague Markets
CMBS weathered a storm today, with bond spreads recovering after widening substantially earlier in the day on further negative news from the residential mortgage sector. A flight to quality has drubbed CMBS spreads. And investor demand remains chilly.
Volatility Continues to Plague Markets
CMBS weathered a storm today, with bond spreads recovering after widening substantially earlier in the day on further negative news from the residential mortgage sector. A flight to quality has drubbed CMBS spreads. And investor demand remains chilly.
B-Piece Buyers Kick up Kick-Outs
Commercial Real Estate Direct Staff ReportBuyers of CMBS B-pieces, many of which have been laying low since volatility in the structured finance markets increased appreciably over the past few weeks, are becoming pickier in terms of what loans they allow ...
Freddie Mac Sees Record Origination Volumes for Year
Turmoil in the commercial mortgage market has resulted in a mass of borrowers flocking to Freddie Mac for financing for their apartment properties. Origination volumes through the first half were running flat when compared to last year, but the agency's ...
Freddie Mac Sees Record Origination Volumes for Year
Turmoil in the commercial mortgage market has resulted in a mass of borrowers flocking to Freddie Mac for financing for their apartment properties. Origination volumes through the first half were running flat when compared to last year, but the agency's ...
Spreads on AAA CMBS Near 70bp Over Swaps
Commercial Real Estate Direct Staff ReportCMBS spreads continue to widen, with super-senior AAA bonds now being quoted at levels of about 70 basis points over swaps.The bright side is that the near glut of transactions that had been in the ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
