CMBS

The lack of new European CMBS issuance means that the number of loans securitized in European CMBS transactions is shrinking, said Fitch Ratings in a report.

Delinquences on commercial real estate loan CDOs declined slightly in October as more lenders stretched out the maturities of loans backing these securities, according to the latest index results from Fitch Ratings.

As the chief executive of Royal Bank of Canada's U.S. wealth management business, John Taft works in Minneapolis and reports to Toronto. But now, as a leading voice of the securities industry lobby, he will be devoting much more of his time to Washington.

Despite the primary markets somewhat opening and previously retained offerings being placed in 2010, the overhang of retained securitized debt stayed significant, according to the quarterly report, according to a report from the Association for Financial Markets in Europe (AFME) and the European Securitization Forum (ESF).

Regulators are close to the final version of the implementation of minimum due diligence requirements under the European Capital Requirements Directive Rule 122A.

Venable hired five lawyers to its real estate group, led by three partners based in Washington DC, New York and Baltimore. The group was formerly at WilmerHale and has a combined 42 years of experience.

Cole Real Estate Investments hired Eric Costa as director in the asset management and dispositions group as announced by Marc Nemer, the firm's president.

At a press conference following the European Central Bank's (ECB) rate decision last week, its President Jean-Claude Trichet said that the ECB is looking to create disincentives for banks who refinance exclusively through the bank.

DBRS hired Mike Babick for its structured finance group as a senior vice president effective Nov. 1.

Italian bank Banca Monte dei Paschi di Siena (Banca MPS), currently marketing a new Italian RMBS, has also brought to market a €1.5 billion ($2.08 billion) sale and lease backed deal, according to published reports.