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CMBS

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  • UK CMBS Titan Europe 2007-3 is setting precedents as its special servicing is transferred from Hatfield Philips to Hudson Advisors.
  • Ratings agencies will have to explain why a publically sold securitization has gone unrated if national regulators apply the new International Organization of Securities Commission recommendations.
  • A loan backing the £815 million ($1.24 billion) Eclipse 2006-4 (Hercules) commercial mortgage securitization of London office properties has been extended until January 2015.
  • The Royal Bank of Scotland is getting a strong investor support for its $309 million commercial mortgage-backed securities structure.
  • To discuss the financial market's direction and analyze the prospects for debt financing over the next few years, we must first establish a point of reference. For me, this point is the downturn of the late 1980s and early 1990s.
  • The Bank of England has proposed changes to U.K. master trusts that will limit their sizes to a set percentage of issuing bank’s balance sheets, according to a market official.
  • Appaloosa Management has been quietly increasing its stake in commercial mortgage-backed securities deals that include a piece of the $3 billion senior mortgage on Peter Cooper/Stuyvesant town, fueling speculation that it is seeking to wrest control of the workout of the property from special servicer CW Capital.
  • Only 1% of commercial property loans backing Europe’s securitizations, scheduled for maturity this year, will be eligible for refinancing in 2010, according to Fitch Ratings.
  • A number of commercial mortgage-backed securities lenders are drawing up new securitizations, while others are ramping up their origination programs.