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CMBS

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  • Nomura Securities International is said to be in talks to transfer its commercial mortgage-backed securities business over to Centerline Capital Group, according to officials familiar with the situation.
  • James Howard, head of commercial mortgage-backed securities origination at Eurohypo in New York, has left the firm.
  • Volatility in the commercial mortgage-backed securities market mirrored that of the broader market last week.
  • Real Capital Analytics is launching the first database that will let users compare property sales data against appraisal data on properties that are included in commercial mortgage-backed securities deals.
  • Delinquencies in U.S. commercial mortgage-backed securities are likely to double or even triple by the end of 2008, according to analysts at Fitch Ratings.
  • Fitch Ratings is raising subordination levels on all investment grade commercial mortgage-backed securities, including triple A and triple B-rated bonds.
  • Over the last six months, the 2006 and 2007 commercial mortgage-backed securities U.S. vintages, while still performing with minimal delinquencies, have gotten a reputation for having aggressive pro forma underwriting and interest-only loans.
  • AFTER A dire second half of 2007, a glimmer of hope emerged in the European CMBS market this week, with buyers appearing and several deals coming to the market.
  • Deutsche Bank’s Deco 17- Pan Europe 7, the €1.25 billion ($1.8 billion) European commercial mortgage-backed securitization, originally announced in August, is to be re-marketed after facing structural changes.