CMBS

The estimated price of whole loans securing commercial mortgage-backed securities was 88.7% in August, up from 88.1% in July, according to DebtX, Boston.

Multifamily mortgage origination volume increased 60% in 2011 over 2010, with $110 billion in loans produced, according to the Mortgage Bankers Association.

The Valuation of Securities Task Force, which is a part of NAIC assigned to make recommendations that regulate investment risk, has proposed that the economic scenarios used in the 2012 yearend modelling process for CMBS and RMBS should stay similar to 2011.

The increased pace of loan resolutions for smaller loans is pushing the total delinquency rate lower, FTN Financial analysts said in a report released yesterday.

An Oct. 1 8-K regulatory filing with the SEC stated that Maguire has lost the deed to Los Angeles office tower Two California Plaza. The company has defaulted on a loan in GSMS 2007-GG10.

Euro insurance companies and funds are now filling the commercial real estate lending gap that was left by banks. However, these firms might not be able to pick up all the slack, S&P said today.

Fitch Ratings said that after reaching a high-water mark of $92 billion in June 2010, the balance of specially serviced loans dropped to $80.5 billion through June 2012.

The new $876mn conduit CMBS from Deutsche Bank/Cantor will raise year to date issuance in the sector to $32bn, $1bn less than 2011’s full year total, according to today's Standard & Poor's securitization update.

Freddie Mac has issued its first floating rating multifamily CMBS from its capital markets execution program.

Investors can reach for yield beyond senior CMBS and yet maintain a higher level of credit enhancement through single-asset or single-issuer deals, FTN Financial analysts said.