CMBS

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.

The Federal Deposit Insurance Corp. announced that Oaktree Capital Management was the winning bidder for commercial real estate loans of the failed bank, Tennessee Commerce Bank .

The subordinated B-piece market has absorbed $1.6 billion in supply year-to-date, surpassing 2011's $1.5bn figure, according to Standard &Poor's.

ABS East 2012, organized by Information Management Network (IMN), is on track to be a little bigger and more upbeat than last year’s conference.

Moody's Investors Service published an "unsolicited" comment today, warning investors that it would not have assigned a 'Aaa' rating to the senior notes in the Royal Bank of Scotland's Isobel Finance No.1 PLC deal; Europe's first non-performing real estate loan portfolio CMBS.

Kroll gave the $189.2-million A tranche of the $272.75 million transaction a ‘AAA (sf)’ rating.

GuardianInvestment Banking and Real Estate today said that Hernan Magarinos joins the New York office as managing director.