CMBS

Wells Fargo and RBS plan to issue a $1.4 billion conduit CMBS deal called WFRBS Commercial Mortgage Trust 2013-C14 that is backed by 73 fixed rate commercial mortgage loans that are secured by 99 properties.

Fitch Ratings said bonds backed by rental income from the Seagram Building do not merit the 'AAA' rating assigned by Kroll Bond Rating Agency and Moody's Investors Service.

Brent Lewis has joined Hunton & Williams' structured finance and securitization practice as counsel in New York.

Bank of America Merrill Lynch priced its German multifamily CMBS Taurus 2013 (GMF 1) plc on Thursday, showing some green shoots of recovery for that market.

Oaktree Capital Group reported its first quarter financial results on Tuesday and said that it has launched a commercial mortgage-backed securities investment fund.

A real estate arm of KeyCorp has agreed to purchase more than $100 billion of servicing rights on commercial and multifamily loans from Bank of America.

More CMBS paper is on the way with the latest issue coming from the Goldman Sachs, Citigroup and Jefferies as joint lead managers on the $1.1 billion CMBS deal called GS Mortgage Securities Trust 2013-GCJ12.

Citigroup plans to issue a $439.8 million single borrower CMBS transaction called CGCMT-375P.

A global settlement between MBIA and Bank of America is positive for MBIA-wrapped non-agency mortgage-backed securities, according to Barclays.

Lawrence Ceriello has joined Morrison & Foerster’s real estate finance group in New York as a partner.