Subject: Commercial MBS (CMBS)

Commercial Real Estate Direct Staff ReportCMBS spreads have continued to drift wider over the past two weeks, as the last couple of deals of the first half priced. The widening was driven in part by headline fears. Bad news is ...

Redwood Trust has circled another CMBS B-piece.The Mill Valley, Calif., mortgage REIT, which earlier this year purchased the subordinate bonds of LB-UBS Commercial Mortgage Trust, 2007-C2, is buying the junior bonds of the next deal under that shelf, 2007-C3. The ...

The Bethesda, Md., company, which started buying CMBS B-pieces only 18 months ago, has so far this year circled bonds from six deals totaling $26.2 billion, making it the most-active player in the sector. LNR Property, the perennial leader in ...

The Bethesda, Md., company, which started buying CMBS B-pieces only 18 months ago, has so far this year circled bonds from six deals totaling $26.2 billion, making it the most-active player in the sector. LNR Property, the perennial leader in ...

Commercial Real Estate Direct Staff ReportThe consensus is that spreads on super-senior AAA CMBS will remain in the range of 21-30 basis points over swaps for the remainder of the year.A total of 40 percent of those responding to an ...

Analysis by Citigroup shows that the debt-service coverage levels of commercial mortgages that were securitized last year so far have fallen 5.9 percent shy of the levels at which they were underwritten. Over the past few years, lenders have regularly ...

Commercial Real Estate Direct Staff ReportThe consensus is that spreads on super-senior AAA CMBS will remain in the range of 21-30 basis points over swaps for the remainder of the year.A total of 40 percent of those responding to an ...

Analysis by Citigroup shows that the debt-service coverage levels of commercial mortgages that were securitized last year so far have fallen 5.9 percent shy of the levels at which they were underwritten. Over the past few years, lenders have regularly ...

At this week's Commercial Mortgage Securities Association conference in Manhattan, the consensus was that the turmoil wasn't over yet. The abundant availability of debt prompted the frothiness. And it would have continued unabated if not for the correction in the ...

Former Fed Chairman Alan Greenspan warned attendees at the Commercial Mortgage Securitization Association's 13th Annual Convention that the abundant liquidity seen in all sectors, including real estate, was not here to stay. He said, "Enjoy it while you can." His ...