CMBS

Wells Fargo Bank has filed an S-3 with the Securities and Exchange Commission to issue under its Wells Fargo Mortgage Securities Trust.

A restructuring proposal for the REC Plantation 5 Plc CMBS deal was released last week.

The Bank of England (BofE) published detailed data and other requirements for securitizations to remain eligible under its discount window.

Americold Realty Operating Partnership is in the market with a $600 million securitization backed by cold storage facilities. The deal is called Americold 2010 Trust Series 2010-ART.

Cole Real Estate Investments hired Jeffrey Holland as head of capital markets and executive vice president.

The aggregate value of commercial real estate (CRE) loans priced by DebtX that back CMBS rose to 80.9% as of Oct. 29 from 80.5% as of Sept. 30. Loan values were 76.9% at October 30, 2009.

With foreclosures at an elevated level since the mortgage crisis broke out, the Mortgage Electronic Registry System (MERS) has come under scrutiny.

The commercial real estate (CRE) market, and CMBS as a component of this sector, has not been immune from the problems brought on by the financial crisis.

The European securitization market saw the return of regular new issuance with approximately €75 billion ($98.2 billion) distributed to end investors year-to-date. However, the uptick in primary volumes is still dwarfed by the retained securitizations that remain on issuers balance sheets.

ABS market players have certainly learned their lesson from the problems that led to the financial crisis.