CMBS

Fitch Ratings said today that CMBS special servicers have adapted new policies and procedures for reporting financial statements to the master servicer as a measure to increase transparency in loan modifications.

Extended Stay issued the $350million, floating rate component of its $2.5 billion single borrower CMBS deal this week at pricing spreads that fell within guidance.

Freddie Mac plans to issue its second multi-family CMBS of 2013, a $1.3 billion transaction called FREMF 2013-K25.

Bank of America Merrill Lynch and Morgan Stanley plan to issue a $1.14 billion CMBS conduit, MSBAM 2013-C8.

Do not expect much securitization activity out of Europe this year, said participants in a panel at the American Securitization Forum’s 2013 conference.

Regulators risk stifling a recovery in the securitization market if they subject privately offered securities to the same disclosure and reporting requirements as public offerings.

RBS Securities plans a $295 million single borrower CMBS backed by a loan secured by the Shops at Mission Viejo called RBS Commercial Funding Inc. 2013-SMV Trust.

Goldman Sachs plans to issue a $1.1 billion commercial mortgage backed securitization, GS Mortgage Securities Corporation Trust 2013-KYO.

With CMBS as surprisingly active as it has been since the start of the year, it should come as no surprise that participants of ASF’s 2013 conference were growing more bullish about the sector’s prospects for the entire year.

Markit today released series 6 of CMBX, the synthetic indices based on a static portfolio of US commercial mortgage-backed securities.