CMBS

More than $1.5 billion in loans resolved pushes the delinquency rate to fall 30 basis points, it's largest drop in 14 months. Trepp is expecting this trend to continue in the upcoming months.

Freddie Mac said today that it expects its fifteenth multifamily CMBS from its K multifamily series of deals to price this week.

Standard & Poors said that in October the weighted average default risk of the top 70 tenants in U.S. conduit/fusion CMBS transactions was unchanged.

Prices for nonperforming and impaired performing loans rose last month, DebtX reported. It added that the estimated price of whole loans backing the U.S. CMBS universe stayed at 88.7% in September from August.

Hurricane Sandy is likely to affect coastal and some inland regions of several states, but analysts at Standard & Poor's said today that it was still too early to gauge the effects on residential and commercial real estate.

NorthStar Realty Finance Corp priced its $351 million CMBS transaction, 2012-1, at a weighted average coupon of LIBOR + 1.63%, amid concerns, cited by Fitch Ratings, that the structure's triple-A bond lacks sufficient credit enhancement.

Bank of America Merrill Lynch said in a report on Friday that half of all outstanding CMBS conduit loans set to mature over the next five years, would be able to refinance successfully.

Citigroup Global Markets analysts said that they expect a spurt of regulatory activity after the Nov. 6 presidential elections.

Deutsche Annington agreed to final terms for a refinancing of GRAND, a German mutifamily CMBS transaction, with a group of senior and junior noteholders representing 44% of the total.

The deal is an $835 million, single-borrower CMBS called BB-UBS Trust 2012-SHOW.