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

May 29, 2001 The Commercial Real Estate Direct Weekly CMBS Pricing Matrix has been updated. Click Here to view the latest Matrix.

A $1.46 billion re-securitization from Teachers Insurance is due to price tomorrow, while price guidance is out for a $1 billion First Union-Merrill Lynch conduit. Meanwhile, the pipeline into mid-summer keeps growing.

Just days after a meeting on FAS 140 which revived some CMBS players' fears regarding potential restrictions placed on special servicers, the board has issued a question-and-answer supplement to clarify issues discussed last week.

May 22, 2001 The Commercial Real Estate Direct Weekly CMBS Pricing Matrix has been updated. Click Here to view the latest Matrix.

FASB's meeting with its staff yesterday gave observers strong indications that the board will disqualify any special servicer that is given the ability to decide on how to handle sales of loans that default.

May 14, 2001The Commercial Real Estate Direct Weekly CMBS Pricing Matrix has been updated.Click Here to view the latest Matrix.

May 9, 2001 Commercial Real Estate DirectA $349.2 million CMBS bid list was due to be marketed at 10:15 to 10:30 EST today.The list contains 10-year triple-A paper from three deals – the 1998-C2 conduit from First Union and Lehman ...

The Brooklyn, N.Y., investment firm has already invested $40 million into subordinate CMBS and is looking to leverage that investment. One possibility is to place its investments in a CBO. It is also looking to buy B-pieces of new issues.

Most trading desks are expected to begin pricing CMBS off the so-called J-curve, which uses stated Treasury maturities. They have been employing the I-curve, which uses actual maturities.

May 3, 2001Commercial Real Estate DirectA $406.2 million commercial mortgage-backed securities bidlist is scheduled for noon today.The list is comprised of bonds from eight separate deals, including one floated in 1998 (Mortgage Capital Funding, 98-MC3) and one from earlier this ...