Commercial Mortgage-Backed Security

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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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Ellington Financial invests in a diverse array of financial assets such as residential and commercial mortgage-backed securities, residential and commercial mortgage loans, consumer loans and asset-backed securities and other strategic investments.
NEW YORK: The Fixed Income, Currency and Commodities division has added a Commercial Mortgage-Backed Securities desk led by Weston Friedman, BTIG, LLC announced.
BTIG, LLC announced that the Fixed Income, Currency and Commodities division has added a Commercial Mortgage-Backed Securities desk led by Weston Friedman.
BTIG, Llc has said that the Fixed Income, Currency and Commodities division has hired a Commercial Mortgage-Backed Securities desk led by Weston Friedman.
Dennis Mensi represents institutional lenders originating loans that are pooled and sold as commercial mortgage-backed securities.
In addition, in the recent low rate environment, many insurers looked to structured securities as a means of garnering additional yield, but the supply of commercial mortgage-backed securities (CMBS) remains below pre-crisis levels.
Commercial mortgage-backed securities [CMBS] loans saw a nice increase as well."
Summary: Moody's Investors Service has today published an update to its approach for rating commercial mortgage-backed securities (CMBS) in Europe, the Middle East and Africa
In the past three years, corporate investigator Jules Kroll's Kroll Bond Rating Agency has quickly risen to the top as a rater of commercial mortgage-backed securities. Thanks in part to the fact that Standard & Poor's has been locked out of the commercial-mortgage market since backing out of a 2011 deal, Kroll's company has established itself firmly and provided a counterweight to Moody's, which dominates the market for such ratings.
In the first quarter of 2011, the delinquency rate for loans held in commercial mortgage-backed securities reached the highest level since Mortgage Bankers Association figures began in 1997, the association said today, but the climb was slower than in recent quarters.
In contrast, commercial mortgage-backed securities (CMBS) mortgages continue to struggle with delinquencies on CMBS loans, reaching their highest level since 1997.
"The froth is still working itself out," said Richard Parkus, Deutsche Bank head of Commercial Mortgage-backed securities.

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