CMBS

The dollar number of U.S. fixed-rate loans that were liquidated in March rose by 49% from the levels in February, according to Trepp. However, the majority of loans with losses have losses of less than 2%.

Spanish pharmaceutical company Grifols launched a $105 million private placement transaction Wednesday, with Mesirow Financial as its agent, a source familiar with the situation confirmed.

While saying JPMorgan Chase & Co. had enough capital already to comply with new Basel III requirements, Jamie Dimon, the bank's chairman and chief executive, said regulators had gone too far in crafting the international capital accord.

Only three banks failed in March 2011, which makes for the slowest monthly pace since December 2008. This was when three banks also failed, according to a Trepp report released today.

Jay Hohman has landed a position as managing director at Cohen & Company Capital Markets.

The CRE Finance Council (CREFC) has named Stephen Renna as CEO effective May 1. Renna brings over 22 years of experience in the commercial real estate (CRE) business, holding senior-level positions in legal and policy affairs as well as in trade association management.

Last week the CRE Finance Council (CREFC) described how its members are seeking some flexibility with respect to risk-retention requirements in a Wall Street Journal article.

The Japanese earthquake and the crisis that resulted should put pressure on Hawaiian tourism.

Investors have proven slow to return to the European securitization market. The limited appetite has been matched by a lackluster amount of securitization supply that market analysts said has created an imbalance in secondary and primary securitization pricing.

Formulating the rules to implement the Dodd-Frank Act has proven to be challenging. Regulators both missed and moved deadlines to accomplish this monumental task.