CMBS

CIT Group announced a package of refinancings and asset sales on Thursday, a step that CEO John Thain billed as a sign of its more stable footing.

Sen. Maria Cantwell announced late Thursday that she intends to support regulatory reform, giving a boost to the bill's prospects in the Senate, which plans to take up the legislation later this month when Congress returns from a Fourth of July recess.

The CRE Finance Council filed a comment letter with the Federal Deposit Insurance Corp. (FDIC) responding to the government agency's proposed Safe Harbor rule.

The delinquency rate for commercial real estate loans backing CMBS deals showed signs of moderating in June, according to the latest report from Trepp.

For 1H10, public ABS issuance reached $26.41 billion, according to the updated numbers from the ASR Scorecards database. This figure dropped from $50.7 billion for 1H09.

The ASR Scorecards database has ranked law firms based on the securitized deals they served as legal advisors on in the first half of 2010.

The old adage of one man's junk is another's treasure could be the best way to describe the situation that is creating a schism in CMBS land today.

Despite the devastation in the wake of the global financial crisis, there are certain areas of the securitization market that present opportunities for investors.

Several deals have come to market backed by different asset classes from issuers in various parts of the globe.

Standard & Poor's has announced the categories of debt instruments which ratings will have a structured finance identifier.