Aggressive Underwriting Will Lead to CMBS Defaults

U.S commercial mortgage backed securitization will suffer 15% greater defaults on the 2007 vintage loans, according to research by Fitch Ratings.

  • 02 Apr 2007

--Cathy Cunningham

U.S commercial mortgage backed securitization will suffer 15% greater defaults on the 2007 vintage loans, according to research by Fitch Ratings. The CMBS lending market’s momentum has resulted in negative underwriting practices, but subprime downturn should caution investors about the dangers of mixing aggressive underwriting with reliance ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%