CMBS

RBS Securities has expanded its MBS and ABS sales and trading teams within its global banking and markets division in the Americas, the firm announced today.

Single-family housing starts leveled off in June, dropping by 0.7%, following a 10% decline in May after the expiration of the federal homebuyer tax credit.

Luxury home builder Toll Brothers has formed Gibraltar Capital and Asset Management, which will be a wholly owned subsidiary of Toll Brothers.

The Bank of England (BoE) has introduced additional eligibility and disclosure requirements for ABS and covered bonds to be accepted in its operations. It has also extended the range of collateral eligible for its discount window facility (DWF) to include portfolios of loans to individuals and non-banks. The extension will take place in 2011.

Although the Senate finally voted Thursday to send regulatory reform to the president's desk, policy circles are already abuzz about what changes to seek in a "corrections" bill to fix problems with the legislation.

The Securities and Exchange Commission’s (SEC) division that reviews public company filings is creating three specialized offices to enhance its disclosure review and policy operations, the SEC announced today.

This week two separate reports showed that vacancy rates in the commercial real estate sector have dropped. This bodes well for future CMBS performance.

Default rates on loans backing Japanese CMBS is at its highest to date, exceeding the previous peak of JPY192.4 billion ($2.2 billion) at end-September 2009, Fitch Ratings said in a report released today.

At the Securities Industry and Financial Markets Association's (SIFMA) regulatory reform summit held in New York yesterday, panelists discussed the just-passed regulatory reform bill's impact on the financial industry.

Panelists at the Securities Industry and Financial Markets Association’s (SIFMA) regulatory reform summit discussed the implications of the newly passed financial reform bill on the securitization industry. The gathering was held yesterday in New York.