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CMBS

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  • Deutsche Bank has named Ben Solomon as head of secondary commercial mortgage-backed securities trading.
  • Commercial mortgage-backed securities issued since the restart of the industry have generally outperformed legacy vintages during volatility seen in the past two weeks.
  • Angelo, Gordon & Co. is rolling out a new fund to invest in legacy and new issue commercial mortgage-backed securities.
  • Ireland face a review of its bank bailout plan following release of the results of the latest round of stress tests, according to Herman Van Rompuy, president of the European Council.
  • Investors in U.K. commercial mortgage-backed securities may file claims that the CMBS are in default, using a principle established by a British court earlier this month involving residential mortgage-backed securities issued by a unit of Lehman Brothers Holdings.
  • Issuers in Europe’s covered bond market are predicting more credit investors to dive into the sector this year, as well as strong, sustained interest from the U.S. buy-side, according to panelists at Information Management Network’s issuer strategy roundtable on covered bonds in London.
  • A partnership between Goldman Sachs and Citigroup Global Markets has priced GSMS 2011-GC3, a $1.4 billion commercial mortgage-backed securities deal.
  • MKP Capital, a distressed-debt fund manager, is said to have sold off roughly two-thirds of its portfolio of asset-backed securities last week.
  • The Commercial Real Estate Council has begun lobbying for an exemption to a rule under the Dodd-Frank Act that would require issuers of asset-backed securities to hold 5% of the issue.