Subject: CMBS - non-deal specific (CMBS-G)

October 21, 2004 Commercial Real Estate Direct Staff ReportThe extremely competitive lending market – especially for large loans – is prompting some CMBS players to lay off the sector, at least for now. Over the past year, just about every ...

October 14, 2004 Commercial Real Estate Direct Staff ReportWachovia Securities has launched marketing for Crest, 2004-1, the fifth in a series of collateralized debt obligations involving assets owned by Allied Capital Corp.Unlike most recent CDOs that have involved actively managed ...

Deutsche Bank securitized $2.5 billion of mortgages during the latest quarter, putting it atop a ranking of loan contributors. But a ranking measuring all activity so far this year has BofA comfortably in the lead.

July 29, 2004 Washington Mutual, which two years ago started developing a CMBS platform in an effort to become a one-stop shop for borrowers, is abandoning it in a broad cost-cutting move that will result in the closure of more ...

The Washington company, among the more active buyers of CMBS B-pieces, is building up its special servicing capabilities. Doing so would allow it to handle special servicing on deals in which it invests.

The panel tackled falling subordination levels, but first it addressed some unfinished business from the organization's January conference in Miami.

March 5, 2004Commercial Real Estate Direct Staff ReportThe CMBS market rallied this week, on both the primary and secondary fronts.The rally came on the tail end of an extremely busy six weeks of new issuance. Since the beginning of February, ...

The Horsham, Pa., company has decided to tap the bond market to fund the advances it makes against securitized loans that are late with their payments. The deal gives GMAC access to a securitized revolving line of credit that could ...

March 1, 2004 Commercial Real Estate Direct Staff ReportLNR Property Co. (NYSE:LNR), one of the most active players in the market for subordinate CMBS, paid $400 million for bonds with a face value of $730 million during the 12 months ...

Even though $60 billion of mortgages are either eligible for repayment this year or will mature, analysts don't expect that will result in heavy borrower demand. After all, only $3.8 billion of loans that were open to prepay last year ...