Rick Jones, a longtime industry lawyer, wants commercial MBS participants to strike a grand bargain, including changes to servicing practices and moves to increase demand from investors.

A AAA-rated tranche of a commercial MBS issued after 2010 suffered losses recently, a first for the market. The Financial Stability Oversight Council said such losses are not likely to be widespread.

A loan for the Fontainebleau Miami Beach Resort will back a $975.0 million commercial MBS. The venue hosts the ABS East conference and is adding to its convention space.

The planned $210 million issuance is backed by commercial real estate loans for properties in Minneapolis.

Office delinquencies spiked during October while most other property types in commercial MBS avoided an uptick in delinquencies.

Multifamily finance was one of the stars of the CMBS market in the third quarter, with securitization up 75% in the non-agency market and agency production rising 38%. (Includes two data tables.)

The $166 million unrated deal is the first in a shifting strategy for the RTL lender.

Goldman Sachs analysts said investments in MBS and ABS are looking good heading into 2025.

Hodgepodge of non-agency MBS; new commercial MBS tied to Rockefeller Center; limit-order option for lenders looking to sell into TBA MBS; Moody’s downgrades MBS issued by IndyMac in 1997.

Delinquencies are projected to increase across asset classes, though some sectors will be hit harder than others.