CMBS

Fitch Ratings announced on Wednesday that the $190mn StratReal Industrial Portfolio I in BACM 2007-1 entered special servicing after struggling with weak underlying performance for two years.

Single asset/single borrower deals continue to dominate the CMBS pipeline this week with another two deals, for a combined $1.43 billion planned this week.

Standard & Poor's preliminarily rates the $252m senior piece single-A.

Rialto Capital is prepping a $213.6 million deal backed largely by non-performing commercial mortgage loans, according to pre-sales from Kroll Bond Ratings and Moody's Investors Service.

Greater use of credit bureaus by Russian originators is a credit positive for securitizations in that country.

The catalysts were changes in the models used by Fitch, adverse selection in older mortgage pools, and the sovereign crisis in Europe.

Wells Fargo plans to issue a $310 million single borrower CMBS transactions that won't include a third party guarantor to cover "bad-boy" acts.

German Multifamily deals right now offer better value than U.K. prime RMBS and U.S. CMBS, even with more supply on the way.

A 2007 commercial mortgage securitization has earned the dubious distinction of becoming the first deals to stop paying interest to the senior most class of bondholders, according to a special report published by Trepp late Friday.