CMBS

The CRE Finance Council (CREFC) hired Martin Schuh to fill the newly created position of director, legislative and regulatory policy. The new hire is based in CREFC’s new Washington, DC office.

Loeb & Loeb hired Peter Seiden and Bryan Petkanics to join its New York office as partners in its commercial finance practice.

The Titan Europe 2006-5 transaction posted a notice published yesterday indicating that the Quartier 206 shopping center that secures the defaulted loan with the same name was placed into "public administration".

CMBS delinquencies in the U.S. have reached a new record high as a result of a slew of new late-pays along with below-average loan resolutions last month, Fitch Ratings analysts said.

Global financial firms are in danger of drowning in the ocean of uncertainty that floats between the rhetoric of the G-20 and the reality of international regulation.

A recent federal appeals court decision is likely to cause the delay of dozens of pending Dodd-Frank Act regulations.

The 30+ delinquency rate on CMBS shot up in July to a record 9.88%, according to a report by Trepp. This comes after two consecutive declines in the delinquency rate in May and June.

David Stevens arrived as a commissioner at the Federal Housing Administration (FHA) in 2009 vowing to restore financial discipline to a government housing body facing the stresses of a post-crash world.

The CMBS market continues to feel the ripple effect of last week's announcement from Standard & Poor's that it would stop rating new conduit/fusion CMBS deals, with yet another transaction pulled from the market because of the rating agency's move.

The debt ceiling compromise will bring some temporary relief to the securitization market, although the benefits will likely be short-lived.