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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.
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Initial price talk is out on JP Morgan Chase’s $484.6 million single-borrower commercial mortgage-backed securities deal for Centro NP, a U.S. retail real estate investment trust that is a subsidiary of Australian-based Centro Properties Group.
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Philippe Tapernoux, a London-based managing director, who headed European securitization and covered bonds at Natixis, has moved to KPMG.
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Barclays Capital has increased its commercial mortgage-backed securities trading and research headcount with two senior hires recently.