Members Equity Tuesday priced A$783 million in residential mortgage backed securities, its third such issue in recent months without any government support.

The offer from Members Equity is the first in Australia to sell investors a class of redeemable and convertible bonds which can be redeemed at face value or converted to one of the other bond tranches.

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Members Equity Bank Pty Ltd., the Australian lender known as ME Bank, sold A$750 million ($702 million) of residential mortgage-backed bonds.

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U.S. mall owner Developers Diversified Realty Corp snapped an 18-month dry spell in the U.S. commercial mortgage bond market by selling $400 million of securities on Monday with help from an emergency Federal Reserve lending program.

The deal was the first to be sold under the Fed’s Term Asset-Backed Securities Loan Facility, known as TALF, for new issue commercial mortgage-backed securities (CMBS), a key funding tool for office, retail and apartment buildings during the real estate boom.

Read the whole story @ Reuters

A US Bankruptcy Court judge ruled late last week to grant the debtor access to names of certificate-holders of a $4.1bn commercial mortgage-backed security (CMBS) trust, according to weekly market commentary by Moody’s Investors Service.

The Extended Stay Hotel (ESH) chain, which filed for bankruptcy in June, requested the securitization trust holding legal title to the $4.1bn of mortgages on 680 hotels provide the names to help ESH in developing its reorganization plan.

Read the whole story @ HousingWire