CMBS

CRE Finance Council announced the succession of Lisa Pendergast as President of the organization for June 2010-June 2011.

Meridian Capital Group, New York, has named Chad Johnson managing director of its commercial originations group.

IMH Secured Loan Fund, a real estate investment company, has received the required 51% approval needed from existing investors to go public.

JPMorgan Chase Commercial Mortgage Securities Corp. priced its $716.3 million CMBS, which offered a below-investment-grade piece, according to a Reuters report.

Jones Day announced the addition of Richard White as partner in its Atlanta office. White joins the firm' real estate practice.

Guggenheim Securities, a Guggenheim Partners subsidiary, hired Robert Brennan and Anand Gajjar for its commercial real estate finance group as senior managing directors.

Mortgage rates inched lower in the latest report from Freddie Mac. For the week ending June 10, the 30-year fixed mortgage rate averaged 4.72% with an average 0.7 point compared to 4.79% last week.

The American Securitization Forum is planning to issue a paper on risk retention proposals and related amendments.

The American Securitization Forum (ASF) appointed Armando Falcon as Senior Policy Advisor.

U.S. subprime CDS have increased to levels not seen since late 2008, according to Fitch Solutions’ latest subprime RMBS total market price index.