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Commercial Mortgage-Backed Security
(redirected from Commercial mortgage-backed securities)

   Also found in: Wikipedia 0.01 sec.
Commercial Mortgage-Backed Security
A mortgage-backed security in which the mortgages on commercial building, offices, factories, apartments, and other buildings other than single-family homes collateralize the security. Unlike most other mortgage-backed securities, the structure of a CMBS is not standardized and as a result, it is difficult to assess its risk. It is also called a collateralized mortgage-backed security.


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The delinquency rate on loans for 30 days or more held in commercial mortgage-backed securities rose 2.
Nonetheless, the markets for asset-backed securities backed by consumer and business loans and for commercial mortgage-backed securities are still impaired and seem likely to remain so for some time," it said.
Responding to calls from NAA/NMHC and others, the Federal Reserve announced May 1 that as of June, commercial mortgage-backed securities (CMBS) will be eligible collateral under Term Asset-Backed Loan Facility (TALF).
 
 
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