“Commercial Mortgage Alert” reports that thanks to pent-up demand a flood of multi-borrower commercial MBS issues over the next six weeks is likely to fetch higher prices than the year’s first such transaction. A half-dozen conduit deals totaling $6.5 billion are expected by the end of next month. … [Read more...] about 2.16.12: Buyers Eager for Big Wave of CMBS
9.23.11: Buyers Grab Super-Senior CMBS from Recent Offerings
CMBS investors lined up for super-senior CMBS from recent transactions, hopefully signaling the end to spread widening that began in May. On Wednesday, September 14, Morgan Stanley and Bank of America priced the bulk of a $1.5-billion multi-borrower offering at tighter-than-expected spreads. Among … [Read more...] about 9.23.11: Buyers Grab Super-Senior CMBS from Recent Offerings
5.18.11: B-Piece Buyers Wait on Risk Retention’s Final Act
A B-piece buyer's appetite for taking on 5% risk and the buyer's future affiliation with special servicing will depend on a final risk-retention rule required under the Dodd-Frank Act. The comment period on the banking agencies' risk-retention proposal ends June 10. According to Brian Hanson, … [Read more...] about 5.18.11: B-Piece Buyers Wait on Risk Retention’s Final Act
3.4.11: Trepp: CMBS Buyers’ Faith Rewarded as U.S. Delinquency Numbers Level Off
The faith that investors have shown in the legacy U.S. CMBS market over the last few months was validated on Wednesday when the Trepp Delinquency Report reported that the core delinquency rate for February had one of its smallest increases since the beginning of the credit crisis. In February, the … [Read more...] about 3.4.11: Trepp: CMBS Buyers’ Faith Rewarded as U.S. Delinquency Numbers Level Off