CMBS

Clopton Capital announced yet another product aimed at boosting lending in commercial real estate (CRE).

Originators of private student loans can't seem to catch a break. Two years ago, the federal government stopped guaranteeing these loans, leaving them unsecured; more recently, there's been a push in Congress to make student loans dischargeable in bankruptcy. The loans are also attracting scrutiny from the recently empowered Consumer Finance Protection Bureau.

Fitch Ratings and Kroll Bond Ratings will rate the $1.1 billion CMBS conduit deal backed by 61 fixed-rate commercial mortgage loans that are secured by 80 properties.

The commercial mortgage-backed security delinquency rate reached an all-time high in May at 10.04%, up 24 basis points from the prior month, according to the latest data from Trepp.

Clopton Capital is offering a hotel construction program for owners and developers of hospitality properties nationwide. This targets developments with total costs between $5 million and $20 million.

In a report released Friday, Fitch Ratings stated that special servicers rarely exercise the fair value market purchase option or FVMO.

Commercial real estate prices, as they are measured by Moody's Investors Service/Real Capital Analytics (RCA) Commercial Property Price Indices (CPPI) national all-property composite, remained flat in March.

Markit will add U.S. CMBS to its evaluated bond pricing service. Prices in the sector will be supplied by CMBS analytics provider Trepp.

Standard & Poor's today released research on the role of credit ratings in the financial system.

Spanish securitizations may have proven more resilient than originally expected during the Eurozone crisis.