The Commercial Mortgage Securities Association (CMSA) has hired Brendan Reilly in the newly created position of senior vice president in government relations. The new hire, who is based in the Association's Washington, DC office, will focus on promoting CMSA as an advocate of the commercial real estate capital market finance industry with the administration, regulatory agencies, and Congress. Aside from focusing on CMSA's legislative efforts toward a permanent program for Terrorism Risk Insurance, Reilly's priority will also be to collaborate with capital markets oriented trade associations and member company lobbyists on issues that are of importance to CMSA's membership. Prior to CMSA, Reilly was the assistant vice president of Federal Government Affairs for the Independent Insurance Agents & Brokers of America (IIABA). At IIABA, Reilly led association efforts on the Terrorism Risk Insurance Extension Act of 2005, natural disaster legislation, and tax issues.
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Spreads ranging from 16-18 basis points over the three-month, interpolated yield curve on the P1 (Moody's) and F1+ (Fitch) notes, to 160 to 170 over the benchmark on the class D notes.
11h ago -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Broken down by product type, the agency's NJCLASS Standard Fixed product should account for a large majority of the loans, 75.4%. NJCLASS Consolidation will account for the next-largest group, 14.1%.
April 24 -
Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
April 24 -
The notes will price against Treasurys, with spreads expected to fall between 85 and 90 basis points over the benchmark.
April 24 -
The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
April 24