CMBS

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.

SEC chairwoman Mary Schapiro criticized the prevailing pay model for ratings agencies on Tuesday.

In Europe, efforts by out-of-money investors has thwarted recovery efforts by senior bondholders in troubled CMBS deals, according to a Fitch Ratings report published today.

Speakers at one panel of Information Management Network’s ABS East conference think the industry will come around to this field’s potential of socially responsible investing.