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CMBS

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  • Barclays Capital is said to be holding onto most of its commercial real estate loans rather than selling them at a discount, as some banks have started to do.
  • The last deal in the commercial mortgage-backed securities pipeline, a $1.3 billion conduit deal from Bank of America, was priced on Thursday, just one day after guidance was issued.
  • Floods wash across Iowa and Indiana may affect 632 properties in $3 billion of commercial mortgage-backed securities deals, according to data from Horsham, Pa.-based analytics provider Realpoint.
  • The Praedium Group has hired Mason Sleeper from Credit Suisse as a principal to pursue opportunities in distressed debt.
  • Trustees LaSalle Bank and Wells Fargo next week are auctioning about $2.7 billion of collateral from residential and commercial mortgage-backed securities and collateralized debt obligations.
  • The American Securitization Forum has elected its leadership for 2008 and 2009.
  • Larry Duggins, a longtime veteran of the non-investment grade commercial mortgage-backed securities market, is retiring.
  • Deutsche Bank, Goldman Sachs, UBS, Credit Suisse and Lehman Brothers are all easing back into play, according to executives at all those firms.
  • Panellists at the Global ABS conference in Cannes painted a bleak picture of the future of CMBS this week.