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  • European noteholders of troubled commercial mortgage securitizations want hard amortization and greater guidance and consultation from special servicers.
  • The Netherlands-based Vesteda, a residential property investment fund, has privately placed with investors the first issuance of a commercial mortgage securitization of 2010.
  • Spreads on vintage AAA-rated super senior commercial mortgage-backed securities are continuing to tighten, driven by strong interest in a new multi-borrower deal from Royal Bank of Scotland.
  • The AMG Portfolio loan, which accounts for 24.8% of the Windermere VIII commercial mortgage-backed securities pool, has gone into special servicing after failing to repay on its maturity date last Thursday.
  • The U.K.’s Financial Services Authority expects further clarification on how the imminent capital requirements directive’s due diligence measures deal with trading and banking books taking positions in structured finance.
  • FIG
    Lloyds Banking Group is preparing the first public securitisation from its Arkle mortgage master trust for three years.
  • The National Association of Insurance Commissioners is proposing to raise the required capital reserves for insurers from 2.6% to 4%, a move that could put a big damper on the supply of new commercial mortgages.
  • Belstar Group this week closed two TALF-related funds with a combined total assets higher than its bogey, but it doesn’t expect to be playing in any new issuance.
  • The Royal Bank of Scotland is getting strong investor support for its $309 million commercial mortgage-backed securities deal.