CMBS

The Structured Finance Industry Group (SFIG) Las Vegas conference scheduled for Jan., is on track to be the largest securitization event of 2014 with an anticipated 5000 attendees.

The proposal would introduce dissemination of trade prices for securities ranging from highly liquid credit card and auto ABS to smaller and more esoteric deals in asset classes such as time shares, to commercial mortgage-backed securities (CMBS) and highly structured CDOs and collateralized loan obligations.

The proposal would introduce dissemination of trade prices for securities ranging from highly liquid credit card and auto ABS to smaller and more esoteric deals in asset classes such as time shares, to commercial mortgage-backed securities (CMBS) and highly structured CDOs and collateralized loan obligations.

Overall issuance growth will moderate in 2014, Fitch Ratings' managing director for asset backed securities says in the firm's outlook.

At €10 billion, European CMBS maturities will slow down in 2014 compared to the €16 billion maturing in 2013; but loans will compete for refinancing opportunities with the backlog of existing specially serviced loans, according to Standard & Poor's.

Goldman Sachs International Bank and Societe General priced Italy’s first post-crisis CMBS backed by a loan secured on Italian retail properties, according to market reports.

A consensus of expectations among CMBS investors polled by J.P. Morgan is for new issuance to reach $90 billion in 2014.

Deutsche Bank priced t the $479 million Invitation Homes 2013-SFR1 REO-to-rental securitization 5 basis points to 35 basis points tighter than initial guidance, a person familiar with the deal confirmed.

The largest tranche, for $327 million, priced at 108 basis points over swaps a bit outside the price talk of 95-100 basis points.