CMBS

CMBS loans in special servicing decreased in August but the recovery rate on liquidated CMBS loans dipped, according to the latest quarterly index results from Fitch Ratings.

Deutsche Bank priced a re-REMIC of AAA-rated CMBS, today according to market sources.

The issuance of U.S. commercial mortgage-backed securities (CMBS) has totaled $56 billion so far this year, handily beating the $48 billion place in all 2012.

The August delinquency rate for US commercial real estate loans in CMBS dropped for the third straight month

Spreads on commercial mortgage backed securities have moved wider over the past two weeks on relatively light volume, according to research from J.P Morgan.

Kroll Bond Ratings Agency said to expect more of the aggressive growth the market has seen since the liquidity crisis but also an increase in defaults and losses on the back of a rising rate environment.

The 9.85-years, super-senior A-5 tranche from the Goldman Sachs, Jefferies and Citigroup $1.2 billion conduit priced five basis points wide of guidance at 105 basis points over swaps.

Deutsche Bank is Marketing a $485M Single-Asset CMBS backed by a mortgage on a Manhattan office building.