CMBS

With only $16 billion in issuance in January, the market for new securitizations fell by $2 billion from December and is less than half of the new structured finance supply from January 2015.

Citigroup is readying $1.2 billion of commercial mortgage bonds backed by 58 loans secured by 104 properties, according to rating agency reports.

The Department of Housing and Urban Development is reducing the mortgage insurance premiums it charges on Federal Housing Administration multifamily loans to encourage the renovation of affordable housing units and promote energy-efficient upgrades.

Commercial mortgage securitization may be off to a slow start, but one of the first conduit deals of the year has one of the main hallmarks of 2015: credit barbelling.

Bank of American is marketing $166 million of bonds backed by a commercial mortgage on One Channel Center, 500,000 square foot office building and adjacent parking garage in Boston, according to Standard & Poor’s

Freddie Mac has priced a $757 million offering of structured pass-through certificates under its “K Certificates” program that securitizes recently originated multifamily mortgage loans.

Morgan Stanley plans to securitize the senior portion of a $310 million commercial real estate loan it underwrote for Simon Property Group, according to Standard & Poor’s

Credit Suisse’s first 2016 CMBS, to be issued from its CSAIL trust, pools a considerably smaller amount of loans relative to the sponsor’s previous two deals.

JP Morgan is marketing $585 million of bonds backed by a single loan secured by a portfolio of 30 hotel properties, according to Fitch Ratings.

Deutsche Bank and Cantor Fitzgerald plan to issue $1 billion of securities backed by commercial mortgage loans via COMM Series 2016-CCRE28.