{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Eurodollar University","title":"Oh Sh*t, AAA Debt Is Starting to Fail Again...","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/2a8c47af\"></iframe>","width":"100%","height":180,"duration":1187,"description":"Another CRE securitized structure is reportedly causing losses for its top tier, this one in another country and from a different corner of the real estate market. This matches recent reports that big banks are quietly beginning to sell their seniors in the space. Moreover, US homebuilder activity has plunged to new lows as the crosscurrents in the economy and financing are getting more unfavorable. \nEurodollar University's Money & Macro Analysis\nBloomberg Pimco Warns of More Regional Bank Failures on Property Pain\nhttps://www.bloomberg.com/news/articles/2024-06-11/pimco-warns-of-more-regional-bank-failures-on-commercial-property-pain\nBloomberg CMBS Buyers Face First Europe AAA Loss Since Credit Crunch\nhttps://www.bloomberg.com/news/articles/2024-06-19/cmbs-buyers-set-for-first-europe-aaa-loss-since-credit-crunch\nBloomberg Losses Pile Up in Top-Rated Bonds Backed by Commercial Real Estate Debt\nhttps://www.bloomberg.com/news/articles/2024-05-23/cmbs-buyers-suffer-first-loss-on-aaa-debt-since-financial-crisis\nCREDiQ CRE CLO Distress Rate Widens to 9.74%\nhttps://cred-iq.com/blog/2024/06/14/cre-clo-distress-rate-widens-to-9-74/\nCREDiQ Loan Modifications Swell 195% in 12 Months\nhttps://cred-iq.com/blog/2024/06/21/loan-modifications-swell-195-in-12-months-cred-iq/\nhttps://www.eurodollar.university\nTwitter: https://twitter.com/JeffSnider_EDU\nEurodollar University's Anniversary Webinar: The Fundamentals of Interest Rates over the Next 12 months.\nSign up below:\nhttps://event.webinarjam.com/channel/rates","thumbnail_url":"https://img.transistorcdn.com/-PtiTzNd5Hw0QA5KJSn4hxFg04siyhv-eokn_umaeKU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzkyNDMvMTY2ODk5/MjU1OS1hcnR3b3Jr/LmpwZw.webp","thumbnail_width":300,"thumbnail_height":300}