Securitization

Goldman Sachs priced its $300 million CMBS deal backed by Bridgewater Commons, a three-story, 992,561 square foot super-regional mall and adjacent lifestyle center located in Bridgewater, New Jersey.

Westgate Resorts is planning a $94 million securitization of timeshare loans, its third transaction for 2012, according to a presale report by Standard & Poor’s.

JP Morgan priced its JPMCC 2012-LC9 commercial mortgage backed conduit deal on Wednesday. The transaction is the last scheduled for 2012.

Standard & Poor’s issued presale reports on two collateralized loan obligations this week, putting issuance for the year to date near $50 billion, by the ratings agency’s count, and near the 2005 total of $53 billion.

It looks like the CFPB’s deliberations over the qualified mortgage rule will go down to the wire, with agency officials still divided over underwriting requirements that could set the standard for years to come.

The White House has put together a long list of candidates who might eventually replace Edward DeMarco as director of the Federal Housing Finance Agency, according to officials who have been briefed on the matter.

Mortgage backed securities account for the lowest share of total structured finance issuance in four years, according to data published by Dealogic.

Extended Stay is looking to refinance its $2.6 billion, large-loan, hotel CMBS next year, said one source familiar with the deal.

An even wider range of securitizations, including some ABCP and CLOs, are now exempt from a requirement to register with the Commodity Futures Trading Commission.

CNH Capital America filed a registration with the Securities and Exchange Commission to issue a $20 million equipment trust asset backed securitization.

Greg Reiter has joined Wells Fargo Securities as managing director and head of Residential Mortgage Research, the bank announced today.

A conduit offering led by JP Morgan and a new single borrower transaction led by Goldman Sachs entered the pipeline late last week, which will bring year to date issuance total to $48bn, according to Standard & Poor’s.

An increase in new builds in the multifamily sector in recent months has raised some concerns that the market may face supply risk down the line; but CMBS industry analysts said it’s probably premature to suggest that the sector is headed towards a bubble.

The Bank of England’s Funding for Lending Scheme (FLS) has slowed U.K. RMBS issuance and is partly responsible for a slowdown in European securitization issuance in October, according to Standard & Poor’s.

Due diligence provider Allonhill LLC, Denver, Thursday afternoon laid off 140 staff workers and contractors as part of a company-wide restructuring.

Belgium’s KBC issued its inaugural covered bonds to strong investor appetite that saw orders for the bank’s €1.5 billion ($1.9bn) benchmark swell to €6bn.

The 2012 tally for CLO issuance is bound to surpass $47 billion this week, according to Standard & Poor’s.

The balance of specially serviced CMBS loans posted its eighth consecutive monthly decrease in November, but analysts at Deutsche Bank said in their 2013 CMBS outlook report that loans are not being modified or liquidated like they used to be.

Societe Generale said it hired Warren Geiger as a managing director and senior CMBS trader in New York.