CMBS

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.

Structured finance advisory firm Paladin Advisors hired Steve Campo as a managing partner in advisory services. Campo has over 30 years of experience as an accountant, issuer, financial guarantor and advisor in the ABS industry.

Commercial and multifamily mortgage originations are at their highest level in nearly two years — driven by sequential growth in the health care and multifamily sectors.

U.K.-based Future Capital Partners (FCP) appointed three senior investment professionals to its growing real estate team.

CMBS spreads tightened on the back off better-than-expected CMBS loss projections from BlackRock.

Last Monday the National Association of Insurance Commissioners (NAIC) published the responses to questions from its Oct 28 RMBS/CMBS conference call.

After pricing a sizeable securitzation backed by residential mortgages in mid-September, the National Credit Union Association (NCUA) is in the market again. This time the NCUA is out with a CMBS transaction worth $3.76 billion.

The CMBS delinquency rate dropped sharply in October. The biggest reason for this dip was due to loans being liquidated at a faster pace and leaving the universe of troubled assets, according to a report from TreppWire.