CMBS

The Public-Private Investment Program (PPIP) for legacy assets latest quarterly report showed that $7.4 billion was raised and matched by the Treasury.

Cumulative defaults for fixed-rate U.S. CMBS rose significantly by112 basis points to 10.6% through the end of 3Q10, Fitch Ratings reported in its latest U.S. CMBS newsletter.

On behalf of commercial banks, insurance companies and mortgage servicers, loan sale advisor DebtX plans to sell $1.1 billion in commercial real estate and residential loans in 10 separate transactions through early December.

The American Securitization Forum (ASF) expressed its support for the portion of the Dodd-Frank Act that addressed conflicts of interest in securitization in a letter to the Securities and Exchange Commission (SEC) today.

Regulators took their first step this week toward drafting new rules that would require lenders to retain some risk before selling loans into the secondary market.

The Board of Governors of the Federal Reserve System issued a report yesterday on the potential effect of credit risk retention requirements on securitization.

The Brazilian Finance Ministry’s recent hike of the IOF tax on foreign investment into fixed income investments to 6% from 4% is bound to have some kind of impact on the appetite of overseas money for local securitization products. The increase comes after a 2 percentage point hike earlier this month.

The Financial Accounting Standards Board’s (FASB) proposal that would mandate fair value accounting treatment for most banks is not finding any supporters in the institutional investor space, a new study claims.

The European Central Bank (ECB) made changes to the language in its guidelines on monetary policy instruments and procedures last week.

The International Organization of Securities Commissions (IOSCO) published recommendations for market interventions and securitization in emerging markets after meeting at Istanbul last week.