CMBS

The delinquency rate for U.S. commercial real estate (CRE) loans backing CMBS fell 36 basis points in August to 9.52%.

Volatility in the capital markets has pushed industry participants towards safe-haven assets such as covered bonds.

It's been a brutal time for executives in structured finance departments across Wall Street since the 2008 financial crisis.

Once again the fear in the MBS market is the possibility of a government refinancing program —dubbed refinance.gov or refi.gov by analysts — as a way to stimulate the economy.

It was business as usual for the financial markets after Hurricane Irene lashed out less destruction than was originally anticipated this past weekend.

Although residential origination volumes swooned in the second quarter, commercial mortgage production picked up nicely at many firms.

The outlook for U.S. CMBS is set to look a lot less hefty in the next year as the number of loans coming due will drop by 40%, according to a Fitch Ratings report.

JPMorgan Chase and Wells Fargo have reportedly made final bids to purchase $4.52 billion of performing loans from Anglo Irish Bank Corp.’s $9.65 billion portfolio of U.S. commercial real estate, according to a Bloomberg report.

Prudential Mortgage Capital Co. has appointed Curtis Brunton as a principal in the Western region.

An Australian CMBS issued by building society IMB called Illawarra Series 2011-1 CMBS Trust is in the market. The A$202.56 ($ 212.68) transaction is the third CMBS for the issuer.