CMBS

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.

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.