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Centerline Holding Co., which was scooped up in March by real estate investor Andrew Farkas through his Island Capital Group, has been approaching investment banks to contribute loans to a new commercial mortgage-backed securities pool.
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JPMorgan Chase has hired Chuck Lee back into its commercial real estate securities and capital markets platform to spearhead the bank’s advisory line of business with the Federal Deposit Insurance Corporation, Freddie Mac and Fannie Mae, as well as other non-agency financial institutions.
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Bank of New York Mellon plans to launch an internet-based asset-backed securities auction platform for U.S. and European sellers and investors.
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The National Association of Insurance Commissioners has awarded BlackRock Solutions a new contract to model credit risks posed by commercial mortgage-backed securities.
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A revised valuation of a loan accounting for about 24% of Windermere VIII’s collateral pool has reduced its value by £46 million ($71 million).
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Kroll Bond Rating is in the early stages of putting together a commercial mortgage-backed securities ratings group.
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Losses are expected on two loans backing the £401 million ($620 million) Eclipse 2006-1 (Equinox) commercial mortgage securitization, according to the special servicer.
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The National Association of Insurance Commissioners is due to disclose the full list of firms vying for a new contract to model credit risks of commercial mortgage-backed securities when it selects a winning bid next week.
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U.S. market players are warning recent heavy trading flows on the synthetic commercial mortgage-backed indexes could be hugely overdone.
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JP Morgan is pooling a number of loans it has inked for mall giant Simon Property Group into its estimated $1 billion commercial mortgage-backed securitization, according to bankers.