CMBS

The outlook for commercial real estate (CRE) loans backing CMBS continues to improve becuase of increased activity in the CMBS new issue market and strong demand for distressed CRE loans in the secondary market, according to DebtX.

The U.K. Financial Services Authority (FSA) will apply banking book risk weights to securitization trading positions following the position adopted under the capital requirements directive (CRD 3) passed by the European Parliament at the end of July.

Federal Deposit Insurance Corp. (FDIC) Chairman Sheila Bair said Tuesday the agency would soon publish an interim rule on its new resolution authority over systemically important banking companies and certain nonbanks.

The securitization market just can't seem to get a break. From tougher regulations to a battered economy, our industry seems at times to be facing an all-out assault.

While it's clear that tighter rules for securitization are on their way, varying approaches to the issue by different agencies are making bankers and issuers uneasy.

CMBS servicers are not only performing loan extensions but have ventured into other forms of loan modifications as well, according to a just-released NewOak Capital report.

Kurtzman Carson Consultants (KCC), an El Segundo, Calif.-based provider of bankruptcy administrative services, added a director of corporate restructuring services, the firm announced Tuesday.

While questions about the rights of CMBS investors in bankruptcy cases and other risks persist, there are offsetting trends that continue to drive the securitized commercial mortgage market toward a comeback, according to Mark Edelstein, chairman of Morrison & Foerster's real estate finance group.

DBRS is requesting comments on the proposed legal criteria for European structured finance deals.

Three years after the onset of the financial crisis, securitization market players are now focusing more on finding different restructuring options for ABS deals, according to the Henderson Global Investors' structured products team.