CMBS

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.

The loan resolutions from a single CMBS transaction is behind the 40 basis point drop in delinquencies last month; the largest monthly decrease since the end of the recession, according to the latest monthly index results from Fitch Ratings.

JPMorgan Chase is preparing a $250 million CMBS deal called J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-ALC backed by assisted living facilities.

Oaktree Capital Group plans to issue a $260.5 million deal called ORES 2013-LV2 that is backed by a pool of non-performing loans and real estate-owned properties.