commercial mortgage backed securities

Also found in: Acronyms.

Commercial Mortgage Backed Securities

Similar to MBS but backed by loans secured with commercial rather than residential property. Commercial property includes multi-family, retail, office, etc., They are not standardized so there are a lot of details associated with structure, credit enhancement, diversification, etc., that need to be understood when valuing these instruments.

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.

commercial mortgage backed securities (CMBS)

Collateralized mortgage backed securities with an underlying pool of commercial (non-residential) loans. See also collateralized mortgage backed securities.

References in periodicals archive ?
But a new debacle in commercial mortgage backed securities could derail the general recovery of the debt market, making it harder for properties to obtain the financing that is essential to a more normalized real estate market.
Roberts will create a forum for issuers, service providers and investors in the rapidly growing internationally-based commercial mortgage backed securities industry throughout Europe, Canada and Japan.
Descap Securities specializes in the primary issuance and secondary trading of mortgage-backed securities, asset-backed securities, collateralized mortgage obligations and derivatives, and commercial mortgage backed securities.
Prudential Mortgage Capital Company announced today that it has recently completed a commercial mortgage backed securities transaction totaling $1.
Cadwalader, Wickersham & Taft LLP continued its commanding performance in the commercial mortgage backed securities (CMBS) market in 2003, capturing the top spots in the rankings as both issuer counsel and underwriter counsel, according to figures released today by Commercial Mortgage Alert's CMBS Database.
Cadwalader, Wickersham & Taft LLP continued to capitalize on its dominance in the commercial mortgage backed securities (CMBS) market during first-half 2003, ranking first as both issuer counsel and underwriter counsel, according to figures released today by Commercial Mortgage Alert's CMBS Database.
LNR also recently entered the structured finance market via the completion of a collateralized debt obligation of commercial mortgage backed securities (CDO of CMBS).
More than 80 percent of all commercial mortgage backed securities and 70 percent of Fannie Mae and Freddie Mac multifamily loans are serviced using McCracken solutions.
The rating is based on GMACCM's highly experienced senior management team and its proven ability to specially service and resolve assets securing commercial mortgage backed securities (CMBS) transactions.

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