CMBS

The Securities and Exchange Commission (SEC) put on hold one change that could have shuttered the ABS market starting in early January. But a long line of proposals marching into 2011 will keep ABS compliance departments busy and, in some cases, may fundamentally alter the market.

Many segments of U.S. structured finance were forced to play defense to varying degrees during the last few years in light of this past economic recession. Much of 2010 was viewed as a year of 'lessons learned'. But now with the economic recovery slowly underway, we may finally begin to see U.S. structured finance turn the corner towards stability in 2011. Fitch's Rating Outlook for U.S. structured finance is Stable.

The delinquency rate in November jumped 35 basis points overall, which is the largest increase since May 2010, TreppWire reported.

The Bank of England issued a market notice indicating that it plans to move ahead with new disclosure requirements, according to a Reuters report.

Cole Real Estate Investments hired Travis Bowers as senior director of underwriting. In this role, Bowers will be responsible for underwriting functions related to analyzing and acquiring prospective office and industrial acquisition pursuits.

More data show CMBS delinquencies have been climbing at a notably slower rate, but experts are still seeing downgrades increase and more challenges ahead.

Law firm Nixon Peabody has named veteran partner Craig Mills as head of its global finance practice, which it plans to expand, the firm said today.

The Securities and Exchange Commission (SEC) issued a temporary order yesterday allowing foreign ABS issuers to sell ABS to foreign investors without complying with the SEC’s new rule 17g-5.

The split in the commercial real estate (CRE) market continues to widen, with historically high prices being paid for institutional properties in top markets, while other markets have little or no activity except for distressed property sales, according to the third quarter activity report from the CCIM Institute and the Real Estate Research Corp. (RERC).

Real estate asset investor Cole Real Estate Investments hired Mitchell Sabshon as executive vice president and chief operating officer.