CMBS

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.

The FDIC held a meeting March 29 to discuss its risk retention rules and the much debated QRM qualification.

Two and a half years after the global financial markets imploded, the dust has begun to settle, providing a clearer view on which sectors of the securitization market will thrive-and which won't.

Despite recent reports of people changes at some of Wall Street's biggest players in the securitization market, finding work, even for experienced hands, is still no easy task.