CMBS

There are more than 300 Louisiana properties affected by floods included in commercial mortgage-backed securities, according to Morningstar Credit Ratings.

Commercial and multifamily mortgage delinquency rates remained low during the second quarter, although two lender categories reported an increase, according to the Mortgage Bankers Association.

The first reboot of S&P 500 Index group weights in almost two decades has arrived, shaking up stock portfolios and conjuring an industry out of real estate investment trusts that will infuse at least one lightweight ETF with sudden riches.

In just a few years, a popular mall with high-end anchor stores and boutique retail tenants can fall into substandard property condition, leaving commercial mortgage bond investors with outsized losses on their exposure to these properties.

Fitch has taken a slightly dimmer view of Midland Loan Services' ability to workout distressed commercial mortgages.

The Federal Housing Finance Agency is seeking to make it easier for Federal Home Loan Banks to accept certain kinds of collateral for advances.

As the volume of maturing commercial mortgages has spiked, so has the number of loans transferred to special servicing when they fail to pay off.

The first commercial mortgage-backed security to comply with "skin in the game" requirements was extremely well received. Market participants credit the way the large banks sponsoring the deal retained the risk – a strategy unavailable to nonbank lenders.

To money managers at Goldman Sachs Group Inc. and Prudential Financial Inc., the laggards of the debt universe look pretty good right now.

Macy's decision to shutter another 100 of its department stores could impair some $3.64 billion of securitized commercial mortgages, according to Morningstar Credit Ratings.

A former Deutsche Bank trader agreed to settle a U.S. regulator's allegations that he mis-marked loans tied to commercial-mortgage-backed securities to boost his profits.

Impending rules allow sponsors of commercial mortgage bonds to satisfy a requirement to keep "skin in the game" of their deals by selling the risk of first loss to a designated third party.

Late payments on securitized commercial mortgages ticked higher again in July, for the same reason they did in June: a number of large loans fail to pay off at maturity.

Deutsche Bank and JPMorgan Chase have found a home for the another portion of a $558 million mortgage on a San Francisco shopping mall that serves as collateral for a single-asset CMBS launched this week.

Upcoming risk retention requirements may be the proverbial straw that breaks the back of the commercial mortgage-backed securities market.

Wells Fargo is marketing its second commercial mortgage securitization in two months, this time with a focus on smaller-market retail, hotel and office properties.

Citigroup's next commercial mortgage securitization has heavy exposure to split loans that serve as collateral for a number of other transactions.

Late payments on securitized commercial mortgages moved noticeably higher in June, as several large loans failed to pay off at maturity.

A noted upper midtown Manhattan retail center that sold last month for $525 million is among several high-end retail, shopping and hotel resort properties JPMorgan is including in its latest commercial mortgage securitization.

Total multifamily and commercial mortgage originations are expected to decrease from last year's levels because of economic uncertainty, according to the Mortgage Bankers Association.