Attracted by more conservative underwriting and the perceived bottoming-out of property values, banks like JP Morgan Chase and the Royal Bank of Scotland are returning to the commercial mortgage-backed securities market, albeit cautiously. “Compared to a year or two ago we’ve come a long, long way,” said Ross Moore, an executive vice president of the real estate services firm Colliers International. “The fact there’s even discussions taking place — that’s a big step forward. Are we making progress toward restarting the CMBS market? Yes, I think absolutely.”
Banks return to commercial mortgage bonds
Most Popular Articles
Latest Articles
MBA appoints director of associate membership
Alicia Goncalves will serve as the primary point of contact for MBA’s associate members
-
Pennsylvania home sales surge in March
-
Ginnie Mae expands its monthly single-family reporting
-
Freddie Mac’s proposed home equity product could unlock $850B in originations
-
Brian Icenhower on impact of commission lawsuits and low volume
-
Opinion: If you’re chasing volume, you’re chasing the wrong carrot