Demand for CMBS aid grows on Capitol Hill

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By Jennifer Kang
06 Aug 2020

The US commercial mortgage backed securities (CMBS) market has lacked the kind of extensive government support that other asset classes have received, though data shows it is experiencing difficulties. But some are optimistic that the US government will provide aid for the market in its next round of Covid-19 relief measures.

The CMBS market is in a terrible state, even when compared with the great financial crisis.

The delinquency rate on loans reached 10%, up from a more typical 1% in two months once the coronavirus pandemic hit, according to Lisa Pendergast, executive director at the Commercial Real ...

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