Hints and tips:
...Blackstone took control of the trust in 2013 and two years later dramatically expanded it with the purchase of a $4.6bn portfolio of commercial mortgage loans from GE Capital....
...The latest efforts include cuts to several policy interest rates and rule changes letting commercial property developers borrow to pay off old debts....
...Mortgage issuance is going to be down when you double rates. Same thing with auto lending. The one shoe that hasn’t dropped yet are cap rates and debt yields on commercial real estate....
...The Glass-Steagall Act of the early 1930s forced financial institutions to split their commercial banking and securities businesses....
...Letter in response to this article: Pension fund liquidity issue has not gone away / From Joe Midmore, Chief Commercial Officer, OpenGamma, London EC4, UK...
...But some investors are now betting that residential and commercial mortgage-backed assets will enjoy a similar resurgence, backstopped by huge monetary and fiscal stimulus....
...S&P Dow Jones separates its analysis and commercial teams, to protect the integrity of its indices....
...Apollo bought them cheaply, and ploughed the corresponding assets into commercial mortgages that had collapsed in price during the financial crisis, but were nonetheless being paid off....
...Commercial mortgage-backed securities data company Trepp categorises 37.7 per cent of all New York hotels on its watchlist, designed to warn investors before a mortgage is transferred to debt collectors...
...The bond market: $257m in loans taken against several of the most famous Trump properties have been packaged, along with a bunch of non-Trump loans, into commercial mortgage-backed securities The banks...
...to aircraft leases and commercial real estate loans....
...Low rates should encourage mortgage and commercial debt refinancing. Market volatility could boost equity and fixed income trading. Big diversified Wall Street banks will benefit....
...Morningstar began publishing credit ratings on public companies in 2009, and the following year acquired Realpoint, which had a niche in commercial mortgage-backed securities....
...Goldman Sachs had issued a commercial mortgage-backed security against the three properties last summer....
...The lease was signed by a company named BSREP III Nero LLC, a possible allusion to the emperor who was blamed for the burning of Rome....
...Instead, they shoulder financial risks on loans that are underwritten by commercial mortgage companies....
...Soniya Patel, another S&P analyst, said: Our sensitivity analysis of investment-grade commercial mortgage backed securities shows that a commercial real estate market valuation decline of 20%-30% would...
...More than 90 per cent of them are benchmarked to one-month dollar LIBOR — but their margins sit in the triple-digit range, so it’s unlikely one-month LIBOR would fall that far below zero.Commercial mortgage-backed...
...Over the next two years there is also a significant amount of commercial mortgage debt that will need to be refinanced, according to S&P....
...Mortgage applications, net imports and a survey of the services sector all posted strong growth....
...The bank, which offers residential, buy-to-let and commercial mortgages alongside secured loans, reported a return on equity — a key measure of profitability — of 31 per cent, up from 30 per cent in the...
...Lloyds sold a £1.6bn portfolio of mortgages to Goldman and CarVal at the end of last year, comprising buy-to-let residential and commercial mortgages, including for offices, retail properties and industrial...
...Apollo already has products that retail investors can purchase, including listed closed-end credit funds, business development corporations and commercial and residential mortgage real estate investment...
...Issuance of commercial mortgage-backed securities in Europe was just €4.7bn last year, compared with well over €40bn in 2007, according to data company Trepp LLC....
...There are no sub-prime mortgages and there are very few mortgage-backed securities. There is no secondary securitisation, so no collateralised debt or loan obligations (CDOs and CLOs)....
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