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Moody’s Investors Service said that the CMBS conduit transactions that it expects to rate in 3Q12 suggest that the average Moody’s Loan- to-Value (MLTV) ratio, which is the rating agency’s main measure of balloon refinance risk, will increase to 102.1% from 97.8% in the third quarter. Given this expected 4.3% jump, the MLTV in the third quarter will average above 100% for the first time in CMBS 2.0.
July 12 -
CMBS data provider Trepp has partnered with BlackRock's iShares Exchange Traded Funds (ETFs) business to bring together the iShares Barclays CMBS Bond Fund into its CMBS analytics product, a release from Trepp said.
July 11 -
The U.S. CMBS pipeline is seeing some activity this week including a securitization from Morgan Stanley and Bank of America.
July 10 -
DebtX has launched a new data service that offers analysis and insight regarding the secondary market for Commercial Real Estate (CRE) loans.
July 10 -
Today the European Central Bank's (ECB) governing council announced how the mandatory provision of loan-by-loan ABS data will be introduced into the securitization single loan-level data repository known as the European DataWarehouse.
July 6 -
The delinquency rate for commercial real estate loans increased for the fourth consecutive month and reached a new all-time high in June, according to Trepp LLC.
July 2 -
Although ratings agencies have imposed tougher standards for the top-rated tranches of commercial mortgage-backed securities, it hasn't led to greater issuance of subordinated tranches.
July 2 -
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Securitization market executives may want to reconsider their summer vacation plans. Not only are significant rules stemming from the Dodd-Frank Wall Street Reform and Consumer Protection Act likely to be issued soon, but an earlier proposal amending Regulation AB, which had been put on the backburner, may be finalized over the next few months.
July 1 -
ABCP looms large among the victims of Moody's bank downgrades on June 21. Some of these banks support ABCP conduits, which, in turn, saw their ratings drop. And in ABCP land, that single grade difference can make or break a conduit. It's because money market funds - ABCP's biggest investors - can only buy 'P-1' paper.
July 1
