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.

• Angel eyes

  Angel Oak Capital Advisors' Sam Dunlap talks value in non-agency MBS

  Atlanta-based Angel Oak Capital Advisors’ flagship multi-strategy income fund (ANGLX), &am...

  The Structured Credit Interview    20 July 2021

• Jamaica in cat bond first

  Sector developments and company hires

  Jamaica in cat bond first The World Bank/IBRD has priced a catastrophe bond that will provide the g...

  Market moves    20 July 2021

• SCI Start the Week - 19 July

  A review of SCI's latest content

  Last week's news and analysis Back in vogue? Reverse equity to test market appetite B...

  News    19 July 2021

• New CLO committee to tackle 'greenwashing'

  Sector developments and company hires

  New CLO committee to tackle ‘greenwashing’ The European Leveraged Finance Assoc...

  Market moves    15 July 2021

• ILS efforts beefed up

  Sector developments and company hires

  ILS efforts beefed up AXIS Capital Holdings has appointed Chris Caponigro as global head of AXIS IL...

  Market moves    14 July 2021

• Endless cash

  European ABS/MBS market update

  As the pre-summer flow comes to a close, optimism still prevails across the European ABS/MBS primary...

  News    14 July 2021

• SCI Start the Week - 12 July

  A review of SCI's latest content

  Last week's news and analysis Forbearances south of 2m Forbearances below 2m for 1st tim...

  News    12 July 2021

• Going hybrid

  New working models 'render offices as a service'

  The Covid-19 pandemic has ushered in hybrid working models that are redefining real estate valuation...

  News Analysis    9 July 2021

• EU monetary policy to reflect carbon transition

  Sector developments and company hires

  EU monetary policy to reflect carbon transition The ECB has published its new monetary policy strat...

  Market moves    9 July 2021

• Sustainable finance strategy unveiled

  Sector developments and company hires

  Sustainable finance strategy unveiled The European Commission has adopted a number of measures in c...

  Market moves    7 July 2021

• NPL facility inked

  Sector developments and company hires

  NPL facility inked Together Financial Services has launched a new £96.2m securitisation v...

  Market moves    6 July 2021

• SCI Start the Week - 5 July

  A review of SCI's latest content

  Last week's news and analysis Advantageous returns Australian RMBS market update Craz...

  News    5 July 2021

• Tight summer

  European ABS/MBS market update

  Following a busy quarter that saw every new deal being met with heavy investor demand, there is no s...

  News    2 July 2021

• Italian SME ABS first finalised

  Sector developments and company hires

  Italian SME ABS first finalised Banca Carige and Banca del Monte di Lucca have completed Lanterna F...

  Market moves    30 June 2021

• Litmus test

  European CMBS momentum set to last

  Nine European CMBS have been issued so far this year and two are currently marketing, pointing to gr...

  News Analysis    30 June 2021

• Finish line

  ESMA designates securitisation repositories

  ESMA has announced the European DataWarehouse (EDW) and SecRep as the EU’s official securi...

  News Analysis    29 June 2021

• SCI Start the Week - 28 June

  A review of SCI's latest content

  CLO seminar tomorrow SCI’s 1st Annual CLO Special Opportunities Seminar is takin...

  News    28 June 2021

• Aussie green RMBS bags Nochu support

  Sector developments and company hires

  Aussie green RMBS bags Nochu support Firstmac has closed a groundbreaking A$750m green RMBS, back...

  Market moves    25 June 2021

• Volatility hedge

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  Q: Do you believe private credit will take on a more significant role in investor portfolios in 2021...

  The Structured Credit Interview    25 June 2021

• Ever tighter?

  European ABS/MBS market update

  European ABS/MBS primary spreads continue to edge in on heavy investor demand. That looks unlikely t...

  News    24 June 2021

• Digital investment ABS prepped

  Sector developments and company hires

  Digital investment ABS prepped DigitalBridge Group is in the market with its debut securitisation,...

  Market moves    22 June 2021