CMBS

Fitch Ratings said Friday that an outlook change to negative for "defeased" U.S. CMBS looks unlikely despite the use of government debt in defeasance and a recent revision of the sovereign outlook to negative.

Craig Sedmak, head of CMBS trading at the Royal Bank of Scotland, has left the bank to pursue interests outside of financial services, according to people familiar with the situation.

New data released from the Financial Industry Regulatory Authority's (FINRA) Trade Reporting and Compliance Engine (TRACE) showed that the average weekly CMBS trading volume has been decreasing since June.

Navigating the non-agency RMBS market is not an easy task given that the market has seen little primary activity in 2011 and lots of volatility on housing stats.

Credit Suisse is prepping a $450 million term loan for retailer Lord & Taylor, according to a person familiar with the transaction.

DBRS has created the position of chief credit officer, Canadian structured finance and appointed Jerry Marriott to this role as of Dec. 1.

Further restrictions on new bank funding mean that the majority of European CMBS loans are still failing to repay at maturity, according to a Fitch Ratings report.

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

As the European sovereign crisis and uncertainty in the U.S. housing market play havoc with the prices of securitizable assets, appraising risk seems as easy for investors as threading a needle while riding a rollercoaster.

U.K. banks looking to offload large portfolios of commercial real estate (CRE) loans are offering buyers financing options to make sales more attractive.