CMBS

The Securities and Exchange Commission (SEC) today voted unanimously to propose amendments that would remove references to credit ratings in several rules under the Exchange Act.

General Growth Properties (GGP) has identified 28 properties classified as “Discontinued Operations” of which 17 were previously sold or returned to the lender in its latest earnings report.

The price of commercial real estate loans that are securitized dropped a mere 10 basis points between February and March, showing signs of stabilization in the market, an expert said.

When global regulators last year announced final international capital and liquidity standards, bankers for the first time in months breathed a sigh of relief, appearing even to welcome the agreement.

Blackstone Group obtained an $800 million loan from JPMorgan Chase to refinance debt backed by 13 hotels, according to a Bloomberg report. The debt is expected to be restructured as a CMBS, the report said.

Velocity Commercial Capital (VCC) is in the market Velocity Commercial Capital Loan Trust 2011-1. The single-tranched, $62.2 million transaction, which is managed by UBS, is a collateralized by small balance commercial loans sponsored by VCC.

Preliminary figures released today by Jones Lang LaSalle's research on global direct commercial real estate (CRE) investment volumes showed that these investments continue to appeal to a broad range of investors.

The $5.2 million loan on the U.S. Geological Survey regional headquarters that was securitized in JPMCC 2010-C2 is 30-days delinquent, according to a report from Royal Bank of Scotland.

The European Union (EU) and U.S. regulators might be on the same page when it comes to trying to get the securitization market to be more risk averse. However, their different approaches have left a gap that needs to be eventually bridged, industry sources said .

Cantor Fitzgerald's first-ever CMBS called CFCRE 2011-C1, which is backed by 38 loans in 67 properties, priced today.