CMBS

Freddie Mac is coming to market with a $538 million CMBS deal backed by 19 multifamily properties owned by Apartment Investment & Management Co.

Federal bank regulators need to update their commercial real estate (CRE) guidance to bring standards more in line with how examiners treat loans following the financial crisis, according to a new oversight report.

The Securities and Exchange Commission (SEC) voted unanimously to propose new rules and amendments for increasing credit rating transparency and improving their integrity.

KeyBanc Capital Markets' (KBCM) recently hired Joseph McHale as managing director to its MBS sales and trading group, as reported on May 12 by StructuredFinanceNews.com (see link).

American Honda Finance Corp. (AHFC) is in the market with Honda Auto Receivables Owner Trust 2011-2 deal.

Commercial Real Estate Finance Council Europe (CREFC Europe) released Version 2.0 of its European Investor Reporting Package (E-IRP 2.0).

Fitch Ratings has set up a page of performance markers for structured finance deals across the globe on its web site, the agency said today. The page will link to over 40 performance-based products, and in part is a response to investor demands for more transparency. Among its features are U.S. RMBS performance and loss metrics, Australia’s RMBS Dinkum Index, and the Mexican RMBS Performance Update.

John Daurio, chairman and CEO of Kondaur Capital, is stepping down as the day-to-day manager of the nonperforming loan (NPL) investing firm, according to officials close to the situation.

Three big banks sought Friday to burst fears about a business lending bubble. Top executives with Comerica, Fifth Third Bancorp and U.S. Bancorp assured investors at an RBC Capital Markets conference in Boston that corporate lending remains safe and lucrative.

For year-to-date in 2011, global CMBS volume is currently at $11.2 billion comprising 12 deals, according to Dealogic.