In the all out war raging against the meaningful rebirth of the private-label, mortgage-backed securitization model, the commercial end of the market often looks and acts like the innocent bystander. Even now, more than two years after the 2008 financial crisis, stagnant jobs growth, weak gross domestic product growth and tight commercial financing hampers the recovery of commercial real estate. While the fall from grace of residential mortgage-backed securities took commercial mortgage-backed securities with it, CMBS problems paled by comparison. The fourth quarter numbers are astounding. The Mortgage Bankers Association reports that conduit loans for CMBS saw a 60-fold increase compared to last year’s fourth quarter.
CMBS is alive, but is it well?
Most Popular Articles
Latest Articles
The best real estate podcasts for agents and brokers in 2024
The best real estate podcasts to motivate, inspire, entertain and enlighten you this year.
-
Home sellers saw their profits shrink in the first quarter: Attom
-
If reelected, Trump could seek greater control over Federal Reserve
-
Acra CEO Keith Lind on staying the course amid choppy waters in non-QM
-
HUD walks back some proposed changes to HECM for Purchase program
-
Retirement confidence hasn’t fully recovered, but survey shows hope for future prospects