CMBS

The small size and poor liquidity of lower-rated CMBS tranches have curbed demand for this paper among large buyers, said Ethan Penner, president of CBRE Capital Partners.

Although CMBS delinquency rates have not seen the double-digit rates many industry analysts predicted would have happened by now, maturing 2007 vintage deals can change that picture.

Banks will be better buyers of CMBS supply once new origination volumes pick up this year, according to a JPMorgan Securities report.

Albert Sohn, previously head of securitized products at Credit Suisse, will move into alternative investments in asset management at the bank. In his new position, Sohn will manage structured credit and residential real estate assets, according to an internal memo obtained by ASR.

Macy’s announced Wednesday night that it will be closing some of its stores while opening and replacing stores.

The American Securitization Forum (ASF) announced today that John Walsh, acting comptroller of the currency, will give a keynote speech at ASF 2012.

CBL & Associates Properties closed four separate loans totaling $383 million last month.

CMBS data provider Trepp released its December 2011 U.S. CMBS Delinquency Report today.

The National Association of Insurance Commissioners (NAIC) has released the list of CMBS and RMBS bonds held by insurance companies as well as their price breakpoints. This move will help insurers determine the NAIC designations and risk-based capital requirements for their CMBS/RMBS positions for 2012.