Mortgage-backed security

Freddie Mac Prices $983 Million Multifamily K-Deal, K-F94

Tuesday, December 1, 2020 - 7:59pm

Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.

Key Points: 
  • Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.
  • This announcement is not an offer to sell any Freddie Mac securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.
  • Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.

CITinvestor Announces Real Estate Notes Investment Platform

Tuesday, December 1, 2020 - 1:00pm

Citinvestor technology solves inefficient, fragmented, and opaque real estate private lending with big data and AI technology.

Key Points: 
  • Citinvestor technology solves inefficient, fragmented, and opaque real estate private lending with big data and AI technology.
  • By combining its advanced analytics with old-fashioned crusty eye reviews, Citinvestor provides access to high-yield real estate note portoflios that provide exposure to the real-estate market without the traditional headaches of real estate property ownership.
  • Performing Real Estate Assets: Investment in loans backed by real estate with strong consistent payments by homeowners.
  • Mary Kimani, product manager at Citinvestor, noted that "Citinvestor specializes in the acquisition and management of real estate notes which offer higher rates of return than available in bank accounts and many other forms of investment.

Fannie Mae Releases October 2020 Monthly Summary

Monday, November 30, 2020 - 9:05pm

WASHINGTON, Nov. 30, 2020 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) October 2020 Monthly Summary is now available.

Key Points: 
  • WASHINGTON, Nov. 30, 2020 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) October 2020 Monthly Summary is now available.
  • The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, serious delinquency rates, and loan modifications.
  • Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans.
  • We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk.

KBRA Releases Research – Delinquency Rate Holds Steady but Appraisal Values Fall 30%

Monday, November 30, 2020 - 9:43pm

Kroll Bond Rating Agency (KBRA) releases a report updating commercial mortgage-backed security (CMBS) loan performance trends observed in the November 2020 remittance period.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a report updating commercial mortgage-backed security (CMBS) loan performance trends observed in the November 2020 remittance period.
  • The November delinquency rate remained unchanged at 6.8% over the prior month among KBRA-rated U.S. CMBS.
  • Along with the performance trends, KBRA observed an average decline of 30.4% in appraisal values for nearly 600 specially serviced assets relative to appraisal values at loan origination, since the start of the pandemic.
  • The bigger fall in retail partly reflects a nearly 60% average decline in retail mall values.

Wasatch Launches Greater China Fund

Monday, November 30, 2020 - 4:00pm

Wasatch Global Investors is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.

Key Points: 
  • Wasatch Global Investors is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.
  • The Fund is subject to risks associated with investments in China and countries in the greater China region that could affect the value of your investment in the Fund, including government control over currencies, economic conditions, industries and specific issuers, as well as continued strained international relations, uncertainty regarding taxes, and limits on credible corporate governance and accounting standards.
  • Because of its exposure to greater China, including Mainland China and Chinas special administrative regions, such as Hong Kong, the Fund is subject to greater risk of loss as a result of volatile securities markets, adverse exchange rates and social, political, military, regulatory, economic or environmental developments, or natural disasters that may occur in the China region.
  • The Fund may invest in the securities of Chinese issuers through the China Stock Connect programs.

KBRA Assigns Preliminary Ratings to WFCM 2020-C58

Monday, November 30, 2020 - 3:55pm

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 35 classes of WFCM 2020-C58, a $696.3 million CMBS conduit transaction collateralized by 48 commercial mortgage loans secured by 70 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 35 classes of WFCM 2020-C58, a $696.3 million CMBS conduit transaction collateralized by 48 commercial mortgage loans secured by 70 properties.
  • The collateral properties are located throughout 31 MSAs, the largest three of which are Sacramento (14.4%), Los Angeles (12.2%), and New York (7.2%).
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 43.5% less than third party appraisal values.
  • To access ratings and relevant documents, click here .

400 Capital Management LLC Hires Carmel Partners’ Quinn Barton

Tuesday, November 24, 2020 - 5:54pm

400 Capital Management LLC (400CM), a $4.4 billion leading alternative credit asset manager, has hired Quinn R. Barton III to expand its investments in commercial real estate finance.

Key Points: 
  • 400 Capital Management LLC (400CM), a $4.4 billion leading alternative credit asset manager, has hired Quinn R. Barton III to expand its investments in commercial real estate finance.
  • Mr. Barton, formerly a Managing Partner at Carmel Partners, is joining 400CM as a Senior Portfolio Manager of CRE and CMBS focusing on originating, structuring and trading all performing and non-performing CRE-related loans and securities.
  • The universe of distressed real estate assets has ballooned during the COVID-19 pandemic, said Mr. Barton.
  • 400 Capital Management LLC is an employee-owned firm led by four partners with over three decades of trading, investment and risk management experience in the credit and securitized credit markets coupled with an established record of investment success through multiple market cycles.

Freddie Mac Prices $891 Million Multifamily K-Deal, K-F93

Friday, November 20, 2020 - 9:30pm

Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.

Key Points: 
  • Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.
  • This announcement is not an offer to sell any Freddie Mac securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.
  • Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.

Freddie Mac Prices $328 Million Multifamily K-Deal, K-J32

Friday, November 20, 2020 - 8:59pm

The K-J32 Certificates are backed by corresponding classes issued by the FREMF 2020-KJ32 Mortgage Trust (KJ32 Trust) and guaranteed by Freddie Mac.

Key Points: 
  • The K-J32 Certificates are backed by corresponding classes issued by the FREMF 2020-KJ32 Mortgage Trust (KJ32 Trust) and guaranteed by Freddie Mac.
  • Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.
  • This announcement is not an offer to sell any Freddie Mac securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.

Freddie Mac Prices $1.2 Billion Multifamily K-Deal, K-120

Friday, November 20, 2020 - 8:00pm

The K-120 Certificates are backed by corresponding classes issued by the FREMF 2020-K120 Mortgage Trust (K120 Trust) and guaranteed by Freddie Mac.

Key Points: 
  • The K-120 Certificates are backed by corresponding classes issued by the FREMF 2020-K120 Mortgage Trust (K120 Trust) and guaranteed by Freddie Mac.
  • Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.
  • Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.