Now that it has the green light to expand its role in multifamily housing, Freddie Mac is looking to at more ways to shift the credit risk on apartment building mortgages that it insures.
Freddie Mac is expanding its efforts to sell to private investors a portion of the credit risk on certain multifamily mortgages it guarantees.
Landmark Infrastructure Products is marketing $133.1 million of notes backed by property leased to owners of wireless towers and billboards, according to Fitch Ratings.
Freddie Mac has priced its sixth guaranteed multifamily small balance loan securitization of 2016.
Goldman Sachs and Citigroup each launched two new CMBS deals on Wednesday, with Fitch Ratings assigning provisional ratings on both pools that focus heavily on retail properties. Goldman's pool is highlighted by a multifamily investor mortgage secured by a portfolio of San Francisco apartments appraised at $923 million.
Insurance firm Assurant Inc. is bringing a diverse mix of low-leverage commercial mortgages to its first-ever $259.7 million securitization.
Greystone, a commercial real estate lending, investment and advisory company, is adding two executives to a mortgage bond lending team.
Fannie Mae and Freddie Mac may be under pressure to reduce their role in the US housing market, but the two companies just got the green light to expand in one area: financing apartment units.
Wells Fargos latest commercial mortgage trust deal is a higher-leverage gambit of riskier debt-service coverage and loan-to-value ratios, driven by additional subordinate financing carried by some of the pools largest borrowers.
JP Morgan and Deutsche Bank are marketing $893 million of commercial mortgage bonds with unusually heavy exposure to office buildings and hotels, according to Fitch Ratings.
The sporting good retailer has abandoned hope of reorganizing and now plans to liquidate all of its stores, putting 42 securitized commercial mortgages at elevated risk of default.
Taurus 2016-2 Deu DAC has a five-class notes structure, including a triple-A provisionally rated 140 million tranche at the top of the capital stack.
Velocity Commercial Capital is returning to the securitization market, having tightened underwriting of small balance commercial loans following the disclosure that one of its borrowers misrepresented the use of proceeds.
The shakeout in the sporting goods industry continued to impact commercial mortgage bonds, as Sports Chalet is closing stores that are tenants in properties backing 11 CMBS loans.
Morgan Stanley and Bank of America Merrill Lynch are using a regional mall in Oklahoma City to dress up another highly leveraged offering of commercial mortgage bonds.
A $388.5 million securitization is being planned for a single commercial loan to the Palisades Center Mall in New York, a metro super-regional mall emerging from two years of renovations and major retail tenant poachings by a rival development.
Credit market turmoil continued to take a toll on commercial property prices in February, when Moody's/RCA Commercial Property Price Indices national all-property composite index declined for a second consecutive month.
Defaults on commercial mortgage-backed securities declined for the fifth straight year in 2015, according to Fitch Ratings.
Citigroup and Goldman Sachs are marketing commercial mortgage bonds with unusually heavy exposure to hotels, considered to be one of the riskier property types.
A growing number of ABS professionals expect credit quality to decline and underwriting standards to tighten this year, according to a survey released Tuesday by Capital One Bank.
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