CMBS

United Capital Markets (UCM) is hosting tonight's concert and cocktail party that headlines Big Head Todd and the Monsters at Information Management Network’s (IMN) ABS East conference.

Rule 122a stipulates the main investor requirements with which banks have to comply. The regulation calls for these financial institutions to have formal procedures and operations in place to monitor - on an ongoing basis and in a timely manner - performance information on the underlying exposures in structured finance assets.

As the Financial Stability Oversight Council prepared to hold its first meeting Friday, members of the panel faced open doubts from lawmakers and others about how fast it can move and what it can accomplish.

Fitch Ratings formally reviewed 99% of its U.S. structured finance ratings over the past 12 months as of August 2010, the rating agency said today.

The Richland Cos. hired Andy Carey and Roy Elengical as tenant representatives in its Houston office.

Last Monday, the Federal Deposit Insurance Corp.'s (FDIC) board of directors approved the final rule to replace its Safe Harbor transition rule on securitization. The finalized version extends until Dec 31 the transitional Safe Harbor - allowing the ABS market three months to adjust to the final rule's requirements.

With the government nearly monopolizing mortgage origination, players are asking themselves: How do private companies create "affordability" products for non-prime borrowers and do so by funding themselves through a viable ABS market?

The latest September remittance data showed delinquencies of more than 60 days on CMBS have continued to climb, Barclays Capital said in a report.

Approximately $39 billion of CMBS conduit loans out of a projected $66 billion of CMBS are set to mature in 2011, according to Bank of America Merrill Lynch analysts said in a research note today.

The Federal Deposit Insurance Corp. (FDIC) unexpectedly delayed the release of an interim rule to create a resolution system for the largest, most-connected banks and nonbanks, saying it needed to consult with other regulators first.