CMBS
Commercial mortgage-backed securities, or CMBS, are bonds or notes created via securitisation that are backed by commercial mortgages or other commercial real estate assets. CMBS originators are typically financial institutions that originate commercial real estate or commercial mortgage loans, including banks, building societies/savings & loans and mortgage finance companies. To create commercial mortgage-backed securities, or CMBS, institutions sell pools of their loans to a special-purpose vehicle, or SPV, which then sells the loans to a trust. The trust then repackages the loans as interest-bearing securities and issues them. This true sale of the loans to the SPV ensures that the CMBS is treated as bankruptcy-remote from the originator.
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Market moves - 21 September
All the latest company developments and new hires in the structured finance sector
Acquisitions HPS Investment Partners has acquired Tålamod Asset Management. HPS will ret...
Market moves 21 September 2018 -
SCI Start the week - 17 September
A look at the major activity in structured finance over the past seven days
Pipeline ABS is still dominating the pipeline, with several deals coming from the auto space. Th...
News 17 September 2018 -
Market moves - 14 September
New hires and company developments in the structured finance sector
CDS ETF Launched Tabula has launched a European CDS ETF which offers passive exposure to European...
Market moves 14 September 2018 -
SCI Start the week - 10 September
A look at the major activity in structured finance over the past seven days
Pipeline A fairly even split of auto and non-auto ABS in the pipeline this week: Auto...
News 10 September 2018 -
Market moves - 7 September
New hires and company developments in the structured finance industry
CRT expert wanted Banca IMI is hiring a senior risk transfer solutions structure for its Milan off...
Market moves 7 September 2018 -
Increased obligations weighed
ESMA outlines expanded reporting requirements
ESMA last month published final draft technical standards on the new reporting requirements to be im...
News Analysis 6 September 2018 -
SCI Start the Week - 3 September
A look at the major activity in structured finance over the past seven days
Pipeline A small handful of deals remained in the pipeline ahead of the Labor Day holiday in the US...
News 3 September 2018 -
Market moves - 31 August
The latest hires and company developments in the structured finance market
Acquisition Moody’s Corp is set to acquire all outstanding shares of Reis in an all-cash...
Market moves 31 August 2018 -
CMBS rating questioned
RA queries top rating on Elizabeth Finance 2018
The provisional triple-A rating from DBRS on the senior notes of the £90.707m UK CMBS, Eli...
News 24 August 2018 -
Market moves - 24 August
The week's structured finance hires and company developments, all in one place.
Consent solicitation NN Bank has issued a consent solicitation seeking investor approval for th...
Market moves 24 August 2018 -
SCI Start the Week - 20 August
A look at the major activity in structured finance over the past seven days
Pipeline The pipeline was quite sparse by the end of last week. A handful of ABS were still marketi...
News 20 August 2018 -
Market moves - 17 August
Company developments and new hires in the structured finance sector
Acquisitions Vistra has completed the acquisition of the corporate services business of Deutsche B...
Market moves 17 August 2018 -
SCI Start the Week - 13 August
A look at the major activity in structured finance over the past seven days
Pipeline The pipeline remained subdued last week, albeit a good mix of asset classes were represent...
News 13 August 2018 -
Market moves - 10 August
Company developments and new hires in the structured finance sector
CDOs transferred Dock Street Capital Management has replaced Deerfield Capital Management as collat...
News 10 August 2018 -
SCI Start the Week - 6 August
A look at the major activity in structured finance over the past seven days
Pipeline The pipeline was once again dominated by ABS deals last week. A handful of CMBS and RMBS w...
News 6 August 2018 -
Market moves - 3 August
Company developments and new hires in the structured finance sector
Acquisitions Savills Investment Management is set to acquire a 25% interest in DRC Capital. In ad...
News 3 August 2018 -
ARAs on the rise
Increased stress emerging in CMBS 2.0?
The volume of appraisal reduction amounts (ARAs) in the US CMBS 2.0 universe is on the rise, effecti...
News 2 August 2018 -
Tender saga moves to High Court
Issuer seeks to invalidate administration announcement
The Clifden IOM No.1 tender for the Fairhold Securitisation CMBS (SCI passim) recently entered a new...
News Analysis 1 August 2018 -
SCI Start the Week - 30 July
A look at the major activity in structured finance over the past seven days
A fairly broad range of transactions are in the pipeline although new issuance is leaning towards th...
News 30 July 2018 -
Market moves - 27 July
Company developments and new hires in the structured finance sector.
Acquisitions American Mortgage Consultants (AMC), has announced the acquisition of certain personn...
Market moves 27 July 2018 -
Testing time
European ABS succumbs to widening pressures
Poor new issue execution has seen the European securitisation market finally succumb to widening pre...
News Analysis 24 July 2018