Private-label pricing volume remained healthy through July at
In July alone, SB deals accounted for eight of the 12 deals that priced, bringing the year-to date total to 30 – already in close proximity to FY 2016, when 39 SB deals were executed. Based on our forward-looking pipeline, CMBS volume is expected to remain strong through August with up to eight SB deals, as well as a few conduit and commercial real estate (CRE)
New issue conduit spreads saw moderate tightening during July. For the benchmark 10-year
KBRA published pre-sales for seven deals (
There were 178 surveillance actions during the month, including 172 affirmations and six upgrades; the activity was effectuated across 17 transactions. As part of July’s surveillance activity, KBRA highlighted 39 KBRA Loans of Concern (K-LOCs) that were outstanding at the time of the reviews.
In this month’s spotlight section, we highlight two of our recent publications:
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