CMBS

The report, which Trepp presented to the Federal Reserve Board of Governors recently, states that the agency now expects only 20 percent of these loans to experience losses, compared to the 50 percent prediction that many institutional lenders and rating agencies had voiced.

All nine CMBS classes that Fitch Ratings placed on 'Rating Watch Negative' following wildfires that ravaged the oil town of Fort McMurray in Alberta, Canada have been taken off the agency's watch list.

JPMorgan Chase is marketing the $900 million JPMCC 2016-NINE Mortgage Trust transaction, secured by a single, 10-year interest-only loan backed by the 50-story 9 West 57th Street trophy office tower in Midtown, Manhattan.

Office Depot has announced plans to close 300 stores over the next three years, potentially elevating the risk of $956.6 million worth of properties backing CMBS deals.

The CMBS Delinquency Rate moved 16 basis points higher to 4.76 percent in July, marking the fifth straight month of increases, according to Trepp’s monthly report.

Wells Fargo has originated an $871 million CMBS transaction that marks the first such deal to have interest holdings that would fulfill the US risk retention rules coming into effect this December.

Credit Suisse Asset Management (CSAM), the Class X noteholder in four legacy Titan Europe CMBS deals, has been granted leave to appeal an April High Court judgement which rejected its claim for additional interest in payments due to it.

The largest loan in the Wachovia Bank Commercial Mortgage Trust 2006-C25 (WBCMT 2006-C25) CMBS securitization has been transferred back into special servicing, Fitch Ratings warned this week.

Bank lenders captured CRE market share from CMBS conduit lenders whose originations had stalled due to market volatility in January and February, shows a newly released CBRE report.

Morgan Stanley, through its CMBS platform, has provided $35.925 million on the acquisition of three multifamily properties in the Chicago suburbs.