Special servicers squabble

By Bill Thornhill
12 Jun 2014

A war of words between CMBS special servicers Mount Street and its larger rival, Hatfield Philips International, broke out this week, in a fight that illustrates just how challenging it is for CMBS investors to exercise their rights.

Mount Street this week set out to refute a series of claims made by HPI last week in the dispute over the European CMBS deal, Windermere X, including what it called insinuation about its relationship with the former controlling class noteholders.

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