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.


  • Optimisation impact

    GSA CMBS exposure gauged

    KBRA Credit Profile (KCP) has published a special report on US CMBS exposure to the General Services...

    News    15 November 2021
  • SCI Start the Week - 15 November

    A review of SCI's latest content

    FREE Webinar tomorrow - Post pandemic GSE CRT performance Register here to join a distinguished pan...

    News    15 November 2021
  • Sri Lanka eyes remittance securitisation

    Sector developments and company hires

    Sri Lanka eyes remittance securitisation The government of Sri Lanka (GOSL) is requesting competit...

    Market moves    12 November 2021
  • First LBR PCC investor signed

    Sector developments and company hires

    First LBR PCC investor signed Lloyds has announced that Ontario Teachers’ Pension Plan B...

    Market moves    10 November 2021
  • Multi-currency CLO closed

    Sector developments and company hires

    Multi-currency CLO closed Barclays has closed a multi-currency managed cashflow balance sheet CLO....

    Market moves    9 November 2021
  • US CLO equity outperforms

    Sector developments and company hires

    US CLO equity outperforms US CLO Equity cashflows average 15.2% across 1,038 BSL transactions that...

    Market moves    8 November 2021
  • SCI Start the Week - 8 November

    A review of SCI's latest content

    Last week's news and analysis Back from the brink Lloyds resurrects UK SME SRTs Dual-...

    News    8 November 2021
  • Fed set to reduce asset purchases

    Sector developments and company hires

    Fed set to reduce asset purchases The New York Fed’s FOMC has increased the System Open...

    Market moves    5 November 2021
  • Servicers facing 'unprecedented' turnover

    Sector developments and company hires

    Servicers facing ‘unprecedented’ turnover US commercial mortgage servicers are...

    Market moves    4 November 2021
  • Holding firm

    European ABS/MBS market update

    Primary and secondary European ABS/MBS activity is expected to pick up this week after a few slow da...

    News    3 November 2021
  • Dual-currency deal

    Pan-European CMBS prepped

    Goldman Sachs is in the market with a dual-currency pan-European CMBS. Dubbed Frost CMBS 2021-1, the...

    News    3 November 2021
  • SLM EODs eyed

    Sector developments and company hires

    SLM EODs eyed Fitch has downgraded from single-B to double-C the outstanding class A4 and B notes...

    Market moves    2 November 2021
  • SCI Start the Week - 1 November

    A review of SCI's latest content

    Last week's news and analysis Comprehensive metric? Total alpha touted as CLO performanc...

    News    1 November 2021
  • Risk transfer round-up - 1 November

    CRT sector developments and deal news

    News    1 November 2021
  • Matryoshka doll?

    Use of proceeds proving contentious for ESG securitisations

    The EU taxonomy regulation and Sustainable Finance Disclosure Regulation (SFDR) are posing challenge...

    News Analysis    1 November 2021
  • Securitisation stamp duty eyed

    Sector developments and company hires

    Securitisation stamp duty eyed The UK government is introducing legislation within Finance Bill 202...

    Market moves    29 October 2021
  • Still strong

    European ABS/MBS market update

    In a quieter week than of late, two full capital stack deals have been competing for investor attent...

    News    28 October 2021
  • New banking rules

    Sector developments and company hires The European Commission has adopted new EU banking rules und...

    Market moves    28 October 2021
  • Covid dip

    CRE CLO churn rates drop

    Churn rates in US managed CRE CLOs continue to decline, according to new research from KBRA assessin...

    News    28 October 2021
  • SCI Start the Week - 25 October

    A review of SCI's latest content

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    News    25 October 2021
  • Highland Capital lawsuit filed

    Sector developments and company hires

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    Market moves    25 October 2021