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CMBS

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  • Standard & Poor’s predicts that between50% and 60% of vintage 2007 five-year term loans in U.S. commercial mortgage-backed securities maturing next year will fail to refinance, with retail loans at the greatest risk.
  • Redwood Trust is expanding its network of correspondent lenders to originate loans for new commercial mortgage-backed securities transactions.
  • Placed issuance in European securitization is expected to increase in 2012, Citigroup analysts said Tuesday.
  • Market professionals hailed the resilience of Europe’s securitization market in 2011 in the face of sustained market turbulence and tighter regulatory restrictions.
  • The $1.215 billion loan on 666 Fifth Ave in New York City and securitized in three commercial mortgage-backed securities deals has been modified, according to CMBS analysts.
  • U.S. banks are bracing for requirements to boost their capital in compliance with the Federal Reserve’s decision to adopt measures from the Basel Committee on Banking Supervision.
  • U.S. commercial mortgage-backed securities are expected to perform well in 2012 because the underlying loans will be underwritten to value and rents well below peak levels, according to Moody’s Investors Service.
  • The delinquencies rate for collateral in U.S. industrial commercial mortgage-backed securities has hit 12.05%, the highest level in 22 years, according to Standard & Poor’s.
  • A handful of U.K. residential mortgage-backed deals put on hold in 2011 are expected to be shipped back into market in the new year.