CMBS

The heads of CMBS trading at Citigroup and Goldman Sachs departed this week according to a Bloomberg report.

U.S. senior fixed-income investors are taking a more conservative view of cross asset credit conditions on the back of recent macroeconomic concerns, according to a Fitch Ratings fixed-income forum survey of fixed income professionals, conducted in June.

Is the Basel Committee on Banking Supervision building an effective set of capital rules, one that will accomplish the goal of competitive parity?

Standard & Poor’s announced late yesterday that, in connection with the advanced notice of proposed criteria change, they will not currently assign ratings to transactions that are based on the U.S. conduit/fusion criteria.

A report by the Securities and Exchange Commission (SEC) revealed some mispractices by broker-dealers in selling structured securities products. For the study, the SEC looked closely at eleven broker-dealers.

Trepp released a report on bank loan delinquencies for 2Q11 ahead of the final Federal Deposit Insurance Corp. (FDIC) figures.

All sectors of the commercial real estate market showed signs of stabilization or slight improvement in 1Q11, according to Moody’s Investors Service Red-Yellow-Green quarterly property assessment.

Fitch Ratings released unsolicited comment today that stated that investment grade ratings assigned to the most junior class of the City Center Trust 2011 CCHP CMBS would most probably warrant no more than a ‘BBsf’ rating. The conclusion is based on the rating agency's current analysis of hotel properties.

Dechert has hired Jodi Schwimmer to join the firm’s finance and real estate practice as counsel.

The Moody’s/REAL Commercial Property Price Index (CPPI) reported its largest ever one-month increase of 6.3% in May. This is also the first rise in six months for the index.