Banks' Real-Estate Reservations Fuel CMBS Renaissance -- Market Talk

Dow Jones

Dec 20, 2024

1228 ET - Banks' concerns about potential new Basel III Endgame capital standards have reduced their appetite to keep commercial real estate loans on their balance sheets.Instead, they are selling off more exposure to real-estate loans in the form of commercial-mortgage-backed securities, says Lisa Pendergast, executive director of the Commercial Real Estate Finance Council. Issuance of CMBS is on track to more than double this year compared with 2023 issuance, Pendergast says. She adds that if the new Basel rules fizzle under the Trump administration, banks' real-estate lending appetite may return. The White House turnover will bring "some friendlier folks in D.C. on the regulatory front," she predicts. (matt.grossman@wsj.com, @mattgrossman)

(END) Dow Jones Newswires

December 19, 2024 12:28 ET (17:28 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Easy breezy. No more feesies.","description":"Tiger Trade is a mobile trading app offering real time data, low commission fees and a free demo account. Download now to start investing in ETFs, options and the global share market.","keywords":"Tiger Brokers,U.S. stock trading,Hong Kong stock trading,trading U.S. stocks,stock information,stock prices,U.S. stock quotes,U.S. stock trading,Hong Kong stock trading,IPO trading,buying U.S. stocks,global investment","social":{"ogDescription":"Tiger Trade is a mobile trading app offering real time data, low commission fees and a free demo account. Download now to start investing in ETFs, options and the global share market.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2492710141"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"NZL","license":"TBKIWI","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2492710141\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2492710141?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-20 01:28","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492710141","market":"other","top_or_hot":-1,"title":"Banks' Real-Estate Reservations Fuel CMBS Renaissance -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1228 ET - Banks' concerns about potential new Basel III Endgame capital standards have reduced their appetite to keep commercial real estate loans on their balance sheets.Instead, they are selling off more exposure to real-estate loans in the form of commercial-mortgage-backed securities, says Lisa Pendergast, executive director of the Commercial Real Estate Finance Council. Issuance of CMBS is on track to more than double this year compared with 2023 issuance, Pendergast says. She adds that if the new Basel rules fizzle under the Trump administration, banks' real-estate lending appetite may return. The White House turnover will bring \"some friendlier folks in D<a href=\"https://laohu8.com/S/02403\">.C</a>. on the regulatory front,\" she predicts. (matt.grossman@wsj.com, @mattgrossman) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 19, 2024 12:28 ET (17:28 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Banks' Real-Estate Reservations Fuel CMBS Renaissance -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBanks' Real-Estate Reservations Fuel CMBS Renaissance -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-20 01:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1228 ET - Banks' concerns about potential new Basel III Endgame capital standards have reduced their appetite to keep commercial real estate loans on their balance sheets.Instead, they are selling off more exposure to real-estate loans in the form of commercial-mortgage-backed securities, says Lisa Pendergast, executive director of the Commercial Real Estate Finance Council. Issuance of CMBS is on track to more than double this year compared with 2023 issuance, Pendergast says. She adds that if the new Basel rules fizzle under the Trump administration, banks' real-estate lending appetite may return. The White House turnover will bring \"some friendlier folks in D<a href=\"https://laohu8.com/S/02403\">.C</a>. on the regulatory front,\" she predicts. (matt.grossman@wsj.com, @mattgrossman) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 19, 2024 12:28 ET (17:28 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CMBS","symbol_name":"Ishares Barclays Cmbs Bond Fund","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2492710141","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492710141","pubTimestamp":1734629280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1228 ET - Banks' concerns about potential new Basel III Endgame capital standards have reduced their appetite to keep commercial real estate loans on their balance sheets.Instead, they are selling off more exposure to real-estate loans in the form of commercial-mortgage-backed securities, says Lisa Pendergast, executive director of the Commercial Real Estate Finance Council. Issuance of CMBS is on track to more than double this year compared with 2023 issuance, Pendergast says. She adds that if the new Basel rules fizzle under the Trump administration, banks' real-estate lending appetite may return. The White House turnover will bring \"some friendlier folks in D.C. on the regulatory front,\" she predicts. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CMBS":"Ishares Barclays Cmbs Bond Fund","CFA.SI":"NikkoAM-STC Asia REIT"},"translate_title":"银行房地产预订推动CMBS复兴——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CMBS":1,"CFA.SI":1},"content_text":"1228 ET - Banks' concerns about potential new Basel III Endgame capital standards have reduced their appetite to keep commercial real estate loans on their balance sheets.Instead, they are selling off more exposure to real-estate loans in the form of commercial-mortgage-backed securities, says Lisa Pendergast, executive director of the Commercial Real Estate Finance Council. Issuance of CMBS is on track to more than double this year compared with 2023 issuance, Pendergast says. She adds that if the new Basel rules fizzle under the Trump administration, banks' real-estate lending appetite may return. The White House turnover will bring \"some friendlier folks in D.C. on the regulatory front,\" she predicts. (matt.grossman@wsj.com, @mattgrossman) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 19, 2024 12:28 ET (17:28 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}