Goldman Sachs, Citigroup and Jefferies priced the $1.1 billion CMBS deal called GS Mortgage Securities Trust 2013-GCJ12.
JP Morgan plans to issue a $510 million, commercial mortgage-backed securitization deal backed by Marriott hotel properties.
“Persistent economic concerns” may slow the pace but won't stop improvements in commercial real estate performance throughout 2013, according to Moody's Investors Service.
Both Jules Kroll from Kroll Bond Ratings and Martin Hughes from Redwood Trust see merit in a system of ratings rotation.
But others on the panel, namely David Raboy of Patton Boggs and Stephen Hall of Better Markets defended a system where regulators determine which agencies rate which securitizations.
For the U.S. market, the lessons of European regulatory simplicity could be key to reviving other sectors of securitization outside the consumer ABS asset classes.
The industry made changes so as to render CMBS viable again by attracting a broader investor base is the so-called "CMBS 3.0" version.
Securitization pros have had to constantly come up with new deal structures to respond to challenges posed by the ongoing financial crisis. Nowhere is this more obvious than in CMBS.
Esoteric or nontraditional assets are gaining momentum to claim a bigger piece of the ABS market.
U.S. structured finance players are exploring new frontiers.
