CMBS

By at least two measures CMBS delinquencies took a notable upward turn in the last month, and by one measure new defaults also are still on the rise. But some observers believe the deterioration in performance is slowing in some areas and better days may lie ahead.

The potential sale of the Maiden Lane III (ML III) assets might signal that the Federal Reserve is making its move to take liquidity out of the system, securitization experts said today.

Hudson Valley Holding Corp. has completed the sale of $474 million in loans after it was required to reduce its concentrations in commercial real estate and classified loans.

The latest wave of proposed European regulations on rating agencies, known as CRA3, contains a rule that has unsettled players from every corner of the financial market: enforced ratings rotation.

At least two more commercial note/REO auctions are scheduled for the beginning of April, according to Barclays Capital CMBS Weekly Strategy Report published today.

Rialto Real Estate Fund is in the market with a new CMBS deal called Rialto Capital, Series 2012-LT1.

CRE Finance Council Europe (CREFC Europe) has appointed Peter Denton as chair-elect of the group.

Dallas-based Metropolitan Capital Advisors (MCA), has successfully secured a permanent financing package with a CMBS lender for the refinance of the Sunwest portfolio—a collection of 25 single and multi-tenant properties scattered across 8 states.

The CRE Finance Council Europe and Ernst & Young released a joint European commercial real estate lending tax guide.