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.

• Affordable housing eyed

  Agency CMBS eminent domain exposure gauged

  The King County Housing Authority (KCHA), a municipal corporation created by the State of Washington...

  News    14 October 2019

• SCI Start the Week - 14 October

  A review of securitisation activity over the past seven days

  SCI CRT Seminar The line-up for SCI's 5th Annual Capital Relief Trades Seminar on 17 October has be...

  News    14 October 2019

• Structured finance head appointed

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  EBA’s agenda released The EBA has published its 2020 agenda, detailing its work activiti...

  Market moves    11 October 2019

• Co-founder to depart

  Company hires and sector developments

  Co-founder moves on BlueMountain’s co-founder and co-president Stephen Siderow is set to...

  Market moves    10 October 2019

• Bank leaves CDS committee

  Sector developments and company hires

  Bank leaves CDS committee Societe Generale has decided to leave the Credit Determinations Committe...

  Market moves    7 October 2019

• SCI Start the Week – 7 October

  A review of securitisation activity over the past seven days

  Transaction of the week RMF is marketing its first private RMBS backed by jumbo proprietary reverse...

  News    7 October 2019

• ILS acquisition announced

  Company hires and sector developments

  Acquisition announced Artex Risk Solutions has announced that it has reached agreement to acquire...

  Market moves    3 October 2019

• CLO firm co-founder to retire

  Sector developments and company hires

  30-year CIRT debuts Fannie Mae has completed its sixth Credit Insurance Risk Transfer transaction...

  Market moves    2 October 2019

• B-piece service bulks out

  Sector developments and company hires

  B-piece service bulks out Greystone, has added Paul Smyth, Cary Williams, and&am...

  Market moves    30 September 2019

• SCI Start the Week - 30 September

  A review of securitisation activity over the past seven days

  Transaction of the week FirstKey Mortgage is marketing the first securitisation backed by manufactu...

  News    30 September 2019

• US CLO firm leadership shake-up

  Sector developments and company hires

  CLO firm makes md appointment MidOcean Partners has hired Natalya Michaels as md, focusing on mark...

  Market moves    25 September 2019

• Ceo appointed

  Sector developments and company hires

  Ceo appointed CAC Specialty has appointed Michael Rice as ceo, bringing more than 25 years of expe...

  Market moves    24 September 2019

• Master trust margins amended

  Sector developments and company hires

  Holmes Master Trust margins amended Moody’s comments that the proposed amendments to the...

  Market moves    23 September 2019

• SCI Start the Week - 23 September

  A review of securitisation activity over the past seven days

  Transaction of the week Deutsche Bank is marketing a £114m UK CMBS, dubbed Deco 2019-RAM....

  News    23 September 2019

• Law firm nabs SF vet

  Sector developments and company hires

  Law firm beefs up Orrick has hired structured finance lawyer Richard Hanson as a partner based in...

  Market moves    20 September 2019

• CMBS NOI slowing

  Sector developments and company hires

  Aircraft ratings review Moody’s has published a new overview which examines ABS issued i...

  Market moves    19 September 2019

• Broader base

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  A growing number of new investors, including bank treasuries, are participating in European...

  News    18 September 2019

• UK CMBS prepped

  Retail-backed CMBS markets despite major tenant concerns

  Deutsche Bank is marketing a £114m UK CMBS, dubbed Deco 2019-RAM. The transaction mainly c...

  News    16 September 2019

• CLO downgrade announced

  Sector developments and company hires

  CDS hire announced Axiom Alternative Investments has appointed Bedis Gharbi as senior portfolio ma...

  Market moves    16 September 2019

• SCI Start the week - 16 September

  A review of securitisation activity over the past seven days

  Transaction of the week Alior Leasing has launched a 12 month revolving cash securitisation of aut...

  News    16 September 2019

• ECB stimulus announced

  Sector developments and company hires

  ECB stimulus package outlined The ECB has announced that it is cutting the interest rate on the de...

  Market moves    13 September 2019