CMBS

Delinquencies on loans that back commercial mortgage securities fell for the second consecutive month in February, to their lowest level in a year, according to a report published Monday.

As many as 20 board members have resigned from the American Securitization Forum in a dispute over control of the trade group.

Citigroup plans to issue a $240 million CMBS large loan transaction backed by a shopping mall, called Citigroup Commercial Mortgage Trust 2013-SMP.

European CMBS had a bad start to 2013 with January recording the highest number of loan maturities in a single month, according to Standard & Poor’s.

Abercrombie & Fitch’s recently announced store closures may be a harbinger of things to come for other retailers, a potential concern for commercial mortgage backed securities, according to Fitch Ratings.

Lower volumes of underperforming loans and improved workout practices reduced the traffic of delinquent, securitized commercial mortgage loans in and out of special servicing, according to Fitch Ratings.

Investors are signing on to auto loan securitizations that allow sponsors to add new, and potentially riskier, loans to the pools of collateral at a later date

Freddie Mac plans to issue its third multifamily CMBS this year; a $900 million deal that will be backed by mortgages with a 5-year term.

Special Servicers of loans in CMBS deals today don’t necessarily hold a first loss position in these deals, according to a Fitch Ratings report.