The big issue of punitive damage limitations got solved by handing it off to the individual states. Experts are saying a lame duck Congress will have the bill to the president sometime next month.
Punitive damage limitations, the sticking point in an effort to reconcile the House and Senate versions of federal insurance backstop legislation, were said to have been shelved yesterday. Still, no consensus was reached.
The meeting might spur lawmakers to get a reconciled bill to Bush's desk by Oct. 11, when Congress is due to adjourn. In the meantime, holders of some CMBS are nervously awaiting possible downgrades from two of the three rating ...
The new issuance CMBS market could eclipse $7 billion for the month, bringing quarterly volume to more than $15 billion. Currently in the market are a fusion transaction, two floaters, a conduit and a Fannie Mae deal.
If a company providing a terror policy to a property has not been rated by one of the three big agencies, how can certain CMBS bonds backed by that property be properly rated? That's a question an increasing number of ...
September 11, 2002 Morgan Stanley Dean Witter is underwriting a $206.4 million collateralized debt obligation for J.E. Robert Cos. A story published yesterday – "J.E. Robert Issues $206Mln CDO" – omitted the name of the underwriter.
After watching its share of the domestic CMBS market fall off a cliff in the first quarter, the rating agency has been roaring back. It is now rating about half of all new domestic issuance. And it is poised to ...
September 10, 2002 Commercial Real Estate Direct Staff ReportTwo Ginnie Mae deals have priced within the past week, and a new Fannie Mae DUS deal is in the works.The two Ginnie Mae project loan transactions, GNR 02-61 and GNR 02-62, ...
The deal will allow J.E. Robert to better match the maturities of its assets and liabilities by providing long-term debt for its long-term CMBS and REIT holdings. Fitch is the only rating agency to weigh in on the deal.
The president made his remarks to an audience of union workers near Pittsburgh this morning. Congress is set to begin reconciling the two versions of the bill this month.
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© 2023 Commercial Real Estate Direct All rights reserved..