CMBS

The Office of the Comptroller of the Currency (OCC) released a proposal Tuesday that would remove references to credit ratings from its regulations, and posted guidance to help banks evaluate investment risks.The Dodd-Frank Act requires federal agencies to review regulations that required banks to use credit ratings to asses the creditworthiness of a security or money market instrument. Under the law, regulators must modify the rules to remove the references to credit ratings, and substitute them with an alternative standard.

Cantor Fitzgerald & Co. has filed a prospectus with the Securities and Exchange Commission (SEC) to issue under its CFCRE Commercial Mortgage Trust 2011-C2. The deal is worth $541.86 million.

Fitch Ratings expects to revise the rating outlook to negative for certain U.S. structured finance ratings. This is a result of the change in the U.S. sovereign’s rating outlook to negative from stable.

Real estate investment trust W.P. Carey & Co. continues to show appetite for self-storage facilities with another reported acquisition of units.

Protestors with Occupy Wall Street continue to target properties tied to CMBS transactions, a Trepp report said.

The folks at law firm Dechert put out their annual golden turkey awards for dubious achievements in the commercial real estate market, a few of which are perfectly applicable to other areas of structured finance.

The delinquency rate for loans in U.S. CMBS dropped seven basis points in October to 9.29%, according to Moody's Investors Service's latest Delinquency Tracker (DQT).

Holliday Fenoglio Fowler (HFF) arranged a $120 million refinancing for nine full-service hotels on behalf of Investcorp. These loans will later be securitized in an adjustable rate deal.

Operating Company/Property Company or OpCo-PropCo real estate structures need "creative thinking" with the impending refinancing challenge on the horizon, according to a report by European structuring and advisory services firm Bishopsfield Capital Partners released yesterday.

ING Investment Management (ING IM) U.S. market strategists might not agree on everything, but one notion is clear: the U.S. will avert a recession in 2012.