S&P Spots Red Flags In CMBS Market

27 May 2011

Standard & Poor’s has detected several troubling trends in the reviving U.S. commercial mortgage-backed securities market.

Standard & Poor’s has detected several troubling trends in the reviving U.S. commercial mortgage-backed securities market. Among its findings detailed in a report, S&P cited increasingly aggressive property appraisals, “incentive management fees” for hotel properties and a limited return of “pro forma” underwriting, meaning the loan underwriting may ...

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