CMBS

Knight Capital Group hired Robert Cestari and David Simek for its institutional fixed-income sales and trading group.

Kenneth Margala has been hired as director at Cantor Commercial Real Estate (CCRE) where he will focus on loan origination.

Mitsubishi Corp. will start originating CMBS in the U.S. through a joint venture with Five Mile Capital Partners (FMC), an asset management firm specializing in real estate debt and related products.

Hudson City Bancorp—one of the largest buyers of correspondent loans in the New York/New Jersey area—plans to sell more of its production into the secondary market going forward.

There’s leverage, and then there’s leverage, according to a recent Moody’s Investors Service commercial mortgage-backed securities report.

The CRE Finance Council Europe (CREFC-Europe) launched the Market Principles for Issuing European CMBS 2.0, a consultative document that outlines principles for new CMBS issuance.

Global CMBS issuance is at $26.2 billion year-to-date, according to Dealogic numbers released late last week.

The September expiration date for the Small Business Administration's (SBA) secondary market program for the first lien position means that first mortgages will no longer be eligible for a government guarantee.

Walker & Dunlop will be opening its twelfth national office in Madison, WI, making it the second location in the state. Michael Lee and Matthew Lund will be vice presidents in the new office and will focus on the financing of all types of income-producing properties.

Goldman Sachs is planning to sell a CMBS called GS Mortgage Securities Corp.Trust 2012. The transaction is backed by a single, non-recourse, first lien mortgage that has an original principal balance of $625 million.