Finance CMBS
Fannie Mae to Redeem Principal Amounts
July 18, 2008

Fannie Mae will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:

Principal Security Interest
Amount Type Rate Maturity Date CUSIP Redemption Date

$10,000,000 MTN 5.180% January 29, 2010 3136F8EH4 July 29, 2008
$500,000,000 MTN 5.330% January 29, 2010 31359M4W0 July 29, 2008


Additionally, in July Fannie Mae announced that it redeemed the notional value of $60 million from the following security: CUSIP 31359MT94. However, the company actually redeemed the full outstanding amount of $1 billion on July 15.

 
Recent CMBS Headlines
Cash Flow More Volatile but Still Stable: Fitch CMBS Study
Aug. 18, 2008
Led by the retail and multi-family sectors, a measure of CMBS investment risk has edged upward for the first time in four years, a study by Fitch Ratings has concluded.
Inland American Sees Opportunity in RE Debt
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Inland American Real Estate Trust Inc., through a subsidiary, has committed to invest $100 million in Boston-based Concord Debt Holdings L.L.C., whose specialty is the acquisition of real estate securities and other real estate-related loans. The initial investment is $20 million, with as much as $80 million more over the next 18 months.
RayTorto CBRE’s Torto Sees CRE Correction, No Catastrophe
Aug. 04, 2008
More pain is in store for the U.S. commercial real estate market  for the rest of the year, but reports of a meltdown are greatly exaggerated. That is the conclusion of CB Richard Ellis Inc.’s global chief economist, Raymond Torto, in a mid-year report. Difficulties in areas ranging from the job market to CMBS will take time to resolve. Still, the economy should avoid the severity of the doldrums of a generation ago, Torto argued.
 

 

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