Subject: CMBS Pricing (PRICE)

November 11, 1999 Go To Revised Price Talk in the VertiNews.com ArchiveNationsLink Funding Corp., Commercial Mortgage Pass-Through Certificates Series 1999-2Class*Amount ($mln)Sub. Level (%)Rating S&PRating Duff & PhelpsRating Fitch IBCAAvg. LifeSpread (BP)BnchMarkA-284.627.17AAAAAAAAA3.15 +116Treas.A-323227.17AAAAAAAAA5.7+130Treas.A-4110.527.17AAAAAAAAA8.07+135Treas.A-1C10427.17AAAAAAAAA5.5+109Treas.A-2C11427.17AAAAAAAAA8.59+127.5Treas.B56.122.14AAAAAA8.9+153Treas.C44.918.11AAA9.05+178Treas.D67.312.07BBBBBBBBB9.14+240Treas.X**1,115N/AAAArAAAAAA6.29 -- Treas.* Class A-1 tranche, at $167 million, ...

November 9, 1999Go To Original Price Talk in the VertiNews.com ArchiveNationsLink Funding Corp., Commercial Mortgage Pass-Through Certificates Series 1999-2Class*Amount($mln)Sub. Level (%)RatingS&PRating Duff & PhelpsRatingFitch IBCAAvg. LifeRevised Price Talk (BP)Bnch MarkA-284.627.17AAAAAAAAA3.15 +119-122Treas.A-323227.17AAAAAAAAA5.7+128-132Treas.A-4110.527.17AAAAAAAAA8.07+135-140Treas.A-1C10427.17AAAAAAAAA5.5+104-106Treas.A-2C11427.17AAAAAAAAA8.59+122-125Treas.B56.122.14AAAAAA8.9+147-150Treas.C44.918.11AAA9.05+170-175Treas.D67.312.07BBBBBBBBB9.14+235 areaTreas.X**1,115N/AAAArAAAAAA6.29+450 areaTreas.* Class A-1 tranche, at $167 million, was ...

November 9, 1999Chase Commercial Mortgage Securities Corp., 1999-2ClassAmount($mln)Sub. Level(%)RatingS&PRatingDuff & PhelpsAvg.LifeSpread(BP)BnchMarkA-1105.926.5AAAAAA5.5+98-101Treas.A-2469.326.5AAAAAA9.83+120-123Treas.B4121.25AAAA9.98+140-145Treas.C37.116.5AA9.98+162-167Treas.D11.715A-A-9.98+177-182Treas.E27.411.5BBBBBB9.98+225-235Treas.F11.710BBB-BBB-9.98+305-315Treas.X782.7*--AAAAAA9.46+350-365**Treas.* Notional Amount** At 100% Constant Prepayment Rate

November 4, 1999 Go to Previous Story in the VertiNews.com ArchiveCredit Suisse First Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates, Series 1999-C1 ClassAmount($mln)Sub. Level(%)RatingDuff & PhelpsRatingMoody's RatingFitchIBCA Avg.LifePriceTalk(BP)BnchMarkA-1199.526.5AAA AaaAAA5.7+112-114Treas. CurveA-267326.5AAA AaaAAA9.4+138-139Treas. CurveB53.422AA Aa2AA9.9+162 areaTreas. CurveC59.417A A2A9.9+187 areaTreas. CurveD14.815.75A- A3A-9.9+205-210Treas. ...

November 4, 1999 Credit Suisse First Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates, Series 1999-C1 ClassAmount($mln)Sub. Level(%)RatingDuff & PhelpsRatingMoody's RatingFitchIBCA Avg.LifePriced (BP)BnchMarkA-1199.526.5AAA AaaAAA5.7+111Treas. CurveA-267326.5AAA AaaAAA9.4+137Treas. CurveB53.422AA Aa2AA9.9+161Treas. CurveC59.417A A2A9.9+190Treas. CurveD14.815.75A- A3A-9.9+207Treas. CurveE41.612.25BBB Baa2BBB9.9+255Treas. CurveF20.710.5BBB- Baa3BBB-9.9+355Treas. CurveX*673N/AAAA AaaAAA9.9+390Treas. Curve*Interest-only strip, ...

November 3, 1999Go to Previous Story in the VertiNews.com ArchiveNationsLink Funding Corp., Commercial Mortgage Pass-Through Certificates Series 1999-2Class*Amount($mln)Sub. Level(%)RatingS&PRatingDuff & PhelpsRatingFitchIBCAAvg.LifePriceTalk(BP)BnchMarkA-284.627.17AAAAAAAAA3.15+124-129 bpTreas.A-323227.17AAAAAAAAA5.7+130-135Treas.A-4110.527.17AAAAAAAAA8.07+138-142Treas.A-1C10427.17AAAAAAAAA5.5+107-110Treas.A-2C11427.17AAAAAAAAA8.59+125-129Treas.B56.122.14AAAAAA8.9+150 areaTreas.C44.918.11AAA9.05+170 areaTreas.D67.312.07BBBBBBBBB9.14+230 areaTreas.X**1,115N/AAAArAAAAAA6.29+400Treas.* Class A-1 tranche, at $167 million, was privately placed before launch.** Interest only strip.

November 1, 1999 Paternoster Securitisation No. 1 PLCClassAmount($USmln)RatingFitchIBCARatingMoody'sAvg.LifeSpread(BP)BnchMarkA142.2AAAAAA2.32+50 bp3-mo. LiborB19.9AA24.53+100 bp3-mo. LiborC11.3BBBBaa24.53+2253-mo. Libor

October 15, 1999 Commercial Mortgage Asset Trust, Commercial Mortgage Pass-Through Certificates, Series 1999-C2ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingFitchRatingS&PAvg.LifeSpread(BP)BnchMarkA-1127.028.5AaaAAAAAA5.73+133Treas.A-2322.828.5AaaAAAAAA9.2+154Treas.A-3108.728.5AaaAAAAAA11.5+171Treas.B39.023.5Aa2AAAA13.4+200Treas.C39.018.5A2AA13.6+230Treas.D11.717A3A-A-13.9+250Treas.E29.313.25Baa2BBBBBB14.1+325Treas.F15.611.25Baa3BBB-BBB-14.2+425Treas.

October 12, 1999Go to yesterday's story on this deal.Commercial Mortgage Asset Trust C2ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingS&PRatingFitchAvg.LifePricetalk(BP)BnchMarkA-1127.028.5AaaAAAAAA5.7133-138Treas.A-2322.828.5AaaAAAAAA9.2153-158Treas.A-3108.728.5AaaAAAAAA11.5168-173Treas.B39.123.5Aa2AAAA13.4200 areaTreas.C39.118.5A2AA13.6230 areaTreas.D11.717.0A3A-A-13.9250 areaTreas.E29.313.25Baa2BBBBBB14.1325 areaTreas.F15.611.25Baa3BBB-BBB-14.2425 areaTreas.X*781.1N/AAaaAAArAAAN/A450-475Treas.* Assumes 100% CPR (constant prepayment rate).

Commercial Real Estate Direct Staff ReportBear Stearns and Morgan Stanley late yesterday priced a $3.3 billion conduit transaction at spreads that indicate the CMBS market is still far from its pre-correction buoyancy.The super-senior AAA class from the deal, Bear Stearns ...