Tuesday, September 18, 2012

CMBS issuance to jump in US via FT.com

Issuance of commercial mortgage-backed securities, touted as the asset of choice for investors driven out of the residential mortgage market by the Federal Reserve, is expected to ramp up next year, but still may not keep pace with demand, analysts say.

Standard & Poor’s, the rating agency, predicted on Tuesday that US lenders would issue $45bn of CMBS in 2013, up from an estimated $40bn this year.

The increase is not expected to be enough to replenish the supply of CMBS, which has been shrinking at a rate of more than $3bn per month, according to S&P. Issuance next year will only be 20 per cent of the total issued in the US in 2007, the peak of the securitisation boom.

Read more...CMBS issuance to jump in US - FT.com

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