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  • Thacher Proffitt & Wood has added a three-person team specializing in commercial mortgage-backed securities.
  • U.S. investment grade-grade fixed-rate commercial mortgage-backed securities market has seen spreads overall tighten two basis points with all ratings remaining at record tights, according to Morgan Stanley.
  • Hedge fund investors now make up 40% of the commercial mortgage-backed securities investor base, rising steadily from just 5% in 2002.
  • Commercial mortgage-backed securities issuance could be more sensitive to future economic downturns because more volatile property types are being included in new deals.