Items Tagged with 'Commercial Mortgage Securities Association'


  • The Commercial Real Estate Pretend and Extend Strategy Continues

    In a speech on the Federal Reserve exit strategy to the House of Representatives Committee on Financial Services, chairman Ben Bernanke noted that the government-led credit provision, the Term Asset-Backed Securities Loan Facility (TALF) is reaching its end this month. The exception to this deadline, however is newly issued commercial mortgage-backed securities (CMBS), and loans backed by newly issued CMBS. These will get an extra three months.
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  • Congress Urges Broader TALF Timeline for CMBS

    Rep. Paul Kanjorski, D-Pa., and Rep. Gary Miller, R-Calif., issued a letter Friday to Treasury Department secretary Tim Geithner and Federal Reserve chairman Ben Bernanke, urging an extension of the Term Asset-Backed Securities Loan Facility (TALF) for commercial mortgage-backed securities (CMBS) through next year.
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  • Southwest Expands Fixed Income Trading

    Securities brokerage, investment banking and securities clearing service provider Southwest Securities added several traders to its taxable fixed income trading desks. The SWS Group [stock SWS][/stock] subsidiary noted the additions arrive to support growth in sales volume among mortgages, asset- and commercial mortgage-backed securities.
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  • Securitization Group Addresses Risk Retention in Regulatory Reform

    [Update 2: Corrects statements made by CMSA on proposed regulatory reforms; an earlier story had incorrectly stated that the CMSA was supporting a Treasury proposal for 5% risk retention requirements, when the CMSA is not supporting such a requirement.] The commercial real estate market -- and specifically the commercial mortgage-backed securities (CMBS) market -- is experiencing its worst liquidity crisis since the early '90s, according to the Commercial Mortgage Securities Association (CMSA).
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