CMBS

The Dodd-Frank Act's call for the creation a self-regulatory organization (SRO) or other entity to assign new ratings was mostly panned by structured-finance industry participants, but relying on existing Rule 17g-5 - the industry's preferred alternative - may have a fatal flaw.

Santander Consumer is in the market with an auto deal under its Santander Drive Auto Receivables Trust 2011-4. The company filed with the Securities and Exchange Commission (SEC) for a $750 million offering.

Banks in Europe will try to unload roughly 15 billion euros ($20 billion) of loans secured by commercial real estate in Europe through 2012 as they comply with tighter capital regulations, according to Situs Companies, a debt advisor.

Cortview Capital Holdings Inc. plans to dissolve the commercial mortgage-bond team led by Bill Green, after hiring the group only six months ago, according to a Bloomberg report.

The recent weakness in the credit markets means European CMBS issuance isn't likely to pick up significantly anytime soon, according to Standard & Poor's report.

For the last two years, commercial real estate (CRE) price indices have been fluctuating and it does not appear any recovery is going to happen soon, Moody's Investors Service said in its weekly credit outlook report.

European structured finance company Bishopsfield Capital Partners has hired Arjan van Bussel as a new partner to boost its advisory, real estate and structured finance businesses.

Insurance regulators remain steadfast in their position that certain kinds of bonds should be treated as structured securities, even amid criticism that the move will make them less attractive to their most important investors.

The Securities and Exchange Commission (SEC) today voted (4-0 today) unanimously to propose a rule intended to prohibit certain material conflicts of interest between ABS sellers and investors.