Securitization of income-property mortgages rose 12.4% from the first to the second quarter and six-month volume was up from last year. Non-agency CMBS saw the biggest quarterly gain.
With increased competition in financing channels, commercial MBS is losing its popularity to fund commercial real estate loans when a previous CMBS loan reaches maturity, according to a Trepp report.
A Third Circuit appeals panel held that owner trustees are not responsible for residential MBS losses, given their limited duty under governing contracts.
The firm detailed its residential mortgage-related assets under management in a recent filing, demonstrating its dominating presence in the housing-finance market.
A huge downturn in issuance of agency multifamily MBS was the key factor in a 23% decline in commercial mortgage securitization during the first quarter of 2019. Non-agency CMBS production saw a gentler 6% downturn.
Store closures by J.C. Penney, as part of its plan to turn around operations and return to the black, are putting pressure on mall-focused real estate investment trusts to reduce their risk exposure, Moody’s Investors Service said in a new report. J.C. Penney in February announced plans to close 27 stores this year, including 18 full-line department stores and nine home and furniture stores, spanning at least 13 states. Moody’s expects the retailer to announce more closures in ...
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