CMBS

Standard & Poor’s downgraded several CMBS transactions this week and said it expects to lower the ratings on more of these deals.

The Trepp CMBS Delinquency Rate posted a 42-basis-point drop to 8.65% in June, the lowest level in almost three years.

Two commercial backed mortgage securities conduits, one offered by JP Morgan and another by Deutsche Bank, Cantor Fitzgerald and UBS, priced this week at wider spreads than recent deals.

Neil Odom-Haslett will join Standard Life Investments as head of commercial real estate lending in August and will lead the company's entry into the U.K. commercial real-estate market.

Could higher yields end up deepening the investor base for asset-backeds?

Roughly in step with other markets, structured finance pricing and issuance in June was governed by questions of how quickly the Federal Reserve would rein in its asset-buying spree.

Cantor Commercial Real Estate said it appointed Faisal Ashraf, former head of capital markets at Credit Suisse, as managing director and head of special situations, in the company’s real estate finance business team.

Deutsche Bank, Cantor Fitzgerald and UBS plan to issue a $905.6 million CMBS conduit transaction that is collateralized by 80 commercial mortgage loans that are secured by 137 properties.

Yet another CMBS is on the way through JP Morgan Chase Commercial Mortgage securities Trust, according to a Standard & Poor’s presale.