CMBS: Performance Woes Climbing, Maturity Risk Fading?

Sinnock, Bonnie
May 2009
National Mortgage News;5/25/2009, Vol. 33 Issue 34, p5
Trade Publication
The article focuses on the performance of the commercial mortgage-backed securities sector (CMBS) in the U.S. A report by Fitch Ratings Ltd., an international rating agency, mentions the decreasing maturity defaults and an increase in performance risk. Susan Merrick, managing director and group head of CMBS, affirms the report that maturity defaults represent 8.3 percent of the index. Fitch adds that delinquencies in commercial real estate loan collateralized debt obligations are increasing.


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