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The $375 million One Park Avenue pari-passu loan securitized in BACM 2007-2 and BACM 2007-3 is expected to pay off at par. This effectively extends the unscheduled principal payment to these conduits deals' short-dated tranches, according Barclays Capital analysts.
March 4 -
Delinquencies on CMBS continued to climb in February, but new issuance may help to stem future late-pay increases, according to the latest index results from Fitch Ratings.
March 4 -
A CMBS called GS Mortgage Securities Corp. Trust 2011-ALF is in the market. The transaction is is backed by the beneficial interest in a three-year loan, cross-collateralized first lien mortgage secured by 29 assisted living facilities (ALFs), according to a Fitch Ratings presale report.
March 3 -
The Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report showed that in 4Q10, commercial and multifamily mortgage delinquency rates increased slightly for CMBS loans.
March 3 -
Total outstanding CMBS dipped by about $3.6 billion in the February remittance period, according to the CMBS credit handbook put out by Barclays Capital. The drivers include amortization, payoffs and liquidation.
March 2 -
The core delinquency rate for legacy CMBS in February had one of its smallest increases since the start of the credit crisis, according to the Trepp Delinquency Report.
March 2 -
As the CMBS market begins to see a pickup in the new-issue pipeline, the increased competition among conduit originators has led to some erosion in underwriting quality.
March 1 -
Lawmakers laid out a series of ambitious deadlines in the Dodd-Frank Act, requiring regulators to complete roughly 170 new rules by July.
March 1 -
After waiting ten months, Redwood Trust issued a second Jumbo RMBS, injecting some optimism into the private-label mortgage securitization market.
March 1 -
The Dodd-Frank Act's Section 939A prompts banking regulators to remove any "reference to, or requirements of reliance on, credit ratings" in their regulations and capital requirements. The uncertainty of how regulators will interpret those words has the ABS industry bubbling and proposals emerging.
March 1
