CMBS

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.

Wells Fargo and RBS plan to issue WFRBS Commercial Mortgage Trust 2013-C12, a $1.2 billion CMBS conduit transaction backed by 100 commercial mortgage loans secured by 138 properties.

JP Morgan Chase Bank will issue a $1.2 billion CMBS conduit deal call, J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10.

Goldman Sachs plans to issue a $900 million CMBS deal secured by the fee interest in 1515 Broadway in Midtown Manhattan, N.Y.