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CMBS

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  • Roddy O’Neal, ceo of Goldman Sachs Commercial Mortgage Capital, says the industry faces the challenge of developing a product that will attract investors.
  • The community banking industry has been engaged in a campaign to get lawmakers to relax some of the new regulations imposed on them by the Dodd-Frank Act.
  • The proposed U.S. Covered Bond Act of 2011 appears to have support in Congress by lawmakers who view the bonds as a tool that could boost the economic recovery, but it also has its detractors.
  • Fund managers are the biggest buyers of European asset-backed securities this year, but investment banks continue to play a major role in the investor pool, according to Barclays Capital research in London.
  • Price guidance was circulated today for JPMorgan’s $1.4 billion JPMCC 2011-C4.
  • Bret Ackerman, former head of residential mortgage-backed securities trading at StormHarbour Securities, has joined New York-based broker-dealer Odeon Capital Group as a senior v.p.
  • An underlying loan in Deutsche Bank’s European commercial mortgage-backed deal, Cornerstone Titan 2007-1, has been placed into special servicing after the borrowers for the fourth consecutive time failed to pay required instalments.
  • NIBC is keeping securitization in its future funding arsenal—even as it plots out a temperate role in the market.
  • A second issuer is said to be preparing a roughly $500 million commercial real estate collateralized debt obligation on the heels of news that Deutsche Bank is readying the market’s first CRE CDO in three years.