Most residential MBS and commercial MBS have limited exposure to the hurricane; the FDIC is working to sell Signature Bank’s $33 billion portfolio of commercial mortgages; DBRS ready to rate residential transition loan MBS; MISMO seeking comments on ESG materials.
Most of the gain in commercial mortgage securitization during the second quarter came from agency multifamily MBS, and the non-agency sector continues to face significant challenges. (Includes two data charts.)
There’s an MI-linked CRT from Essent, a seasoned CRT from Freddie Mac and a non-agency deal from Jefferies; Goldman to issue commercial MBS with Amazon shipping facilities.
Ashford Hospitality Trust, a Dallas-based REIT, says handing back the keys on 19 hotels will cut the company’s debt by about $700 million, a reduction of more than 18%.
A suggestion for limiting interest rate risk at banks; tighter spreads for Fannie’s new CRT; Victory Park Capital launches structured finance unit; and more.