CMBS

The Federal Housing Finance Agency is seeking to make it easier for Federal Home Loan Banks to accept certain kinds of collateral for advances.

As the volume of maturing commercial mortgages spikes, so is the number of loans transferred to special servicing when they fail to pay off.

The first commercial mortgage-backed security to comply with "skin in the game" requirements was extremely well received. Market participants credit the way the large banks sponsoring the deal retained the risk – a strategy unavailable to nonbank lenders.

Macy’s decision to shutter another 100 of its department stores could impact some $3.64 billion of securitized commercial mortgages, according to Morningstar Credit Ratings.

The Commercial Real Estate Finance Council tapped Lisa Pendergast, a respected industry veteran, as its executive director.

Morgan Stanley and Citigroup were among a trio of commercial mortgage securitizations with presale reports issued Monday. Morgan Stanley is securitizing a pool of commercial mortgages in a $719.8 million asset-backed structure. Citigroup’s Commercial Mortgage Trust 2016-C2 is a $609.17 million syndicate conduit transaction that includes consortium of large loan properties.

In a report issued Monday, Moody’s stated that “green” building features are becoming an important factor in maintaining property valuations and tenant occupancy levels, and can likely result in higher debt repayment performance of the commercial mortgage through maturity.

A new premier Manhattan office development project – 10 Hudson Yards – has parceled out part of its debut $708 million commercial loan into a commercial mortgage-backed facility of loans through Deutsche Bank and Citigroup. CD 2016-CD1 is a pool of 32 fixed-rate loans secured by 58 commercial properties.

Credit Suisse is marketing $180.8 million of bonds backed by a portfolio of 58 suburban office and industrial properties totaling 3.9 million square feet, according to Standard & Poor’s.