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.

• SCI Start the Week - 30 April

  A look at the major activity in structured finance over the past seven days.

  Upcoming event SCI NPL Securitisation Seminar – 9 May, London SCI’s NPL Secu...

  News    30 April 2018

• Market moves - 27 April

  Australia FIIG Securities has hired Anne-Marie Hunter-Brown to the role of markets business manage...

  Market moves    27 April 2018

• SCI Start the Week - 23 April

  A look at the major activity in structured finance over the past seven days

  Pipeline Auto ABS dominated the pipeline once again last week. A handful of other ABS, as well as C...

  News    23 April 2018

• Market moves - 20 April

  Acquisitions BlackRock has acquired Tennenbaum Capital Partners (TCP), complementing its global cr...

  Market moves    20 April 2018

• SCI Start the Week - 16 April

  A look at the major activity in structured finance over the past seven days

  Pipeline The newly-announced transactions remaining in the pipeline at the end of last week compris...

  News    16 April 2018

• Market moves - 13 April

  Aircraft ABS on watch KBRA has placed the class A, B and C notes of the US$411m Prop 2017-1 ABS o...

  Market moves    13 April 2018

• SCI Start the Week - 9 April

  A look at the major activity in structured finance over the past seven days

  Pipeline A mixed bag of securitisations remained in the pipeline at the end of last week. ABS domin...

  News    9 April 2018

• Market moves - 6 April

  Europe CSC has hired Robert Berry as chairman of its capital markets group in London and Debra Par...

  Market moves    6 April 2018

• CMBS 'haves' and 'have-nots' highlighted

  The planned conversion of the Westside Pavilion property in Los Angeles - securitised in WFCM 2012-L...

  News    4 April 2018

• Market moves - 29 March

  Europe Man Group has hired Simon Finch as cio of credit at Man GLG, its discretionary investment m...

  Market moves    29 March 2018

• Euro ABS/MBS busy

  European ABS/MBS secondary market activity has picked up this week. “It’s been...

  SCIWire    29 March 2018

• Market moves - 23 March

  CDS clearing developments Intercontinental Exchange has transitioned index CDS open interest from...

  News    23 March 2018

• Increase in liquidity 'hard to measure'

  Liquidity in structured products is difficult to quantify, and perhaps even to define. Whichever way...

  News Analysis    22 March 2018

• Finnish CMBS debuts RFN feature

  Finnish real estate firm Sponda – which was acquired by Blackstone in June 2017 &ndash...

  News    22 March 2018

• SCI Start the Week - 19 March

  A look at the major activity in structured finance over the past seven days.

  Pipeline There was a somewhat more measured pace of pipeline additions last week. The final count...

  News    19 March 2018

• Market moves - 16 March

  EMEA Citigroup has appointed Laura Coady to the newly created position of head of EMEA, structured...

  Market moves    16 March 2018

• Issuers urge goodwill on STS

  European securitisation issuers are modelling new transactions and updating legacy deals, across a r...

  News Analysis    15 March 2018

• SCI Start the Week - 12 March

  A look at the major activity in structured finance over the past seven days.

  Upcoming event SCI Risk Transfer & Synthetics Seminar – Tomorrow (13 March), New...

  News    12 March 2018

• Market moves - 9 March

  North America Anthony Orso has joined NKF Capital Markets as president of capital markets stra...

  Market moves    9 March 2018

• CRE CRTs pick up

  Synthetic securitisations referencing commercial real estate are attracting more investor interest,...

  News Analysis    9 March 2018

• Predicted Euro CMBS pickup awaited

  There has been plenty of speculation that European CRE is in the late-cycle stage, and retail exposu...

  News Analysis    8 March 2018