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 ?
Commercial Mortgage Securities Association (CMSA[R]), the international trade organization representing the commercial mortgage backed securities industry, kicked-off its First Canadian CMSA[R] Conference, being held at the Toronto Hilton, in Toronto, Ontario.
13--CMSA will hold an educational seminar, entitled "An Introduction to Commercial Mortgage Backed Securities," from 1:00 p.m.
Commercial Mortgage Securities Association (CMSA), the international trade organization representing the commercial mortgage backed securities industry, submitted a to the Securities and Exchange Commission (SEC) in response to their proposed rules on Asset-Backed Securities (ABS) reform.
With returns registering in the high single digits, 'Double B' commercial mortgage backed securities should be solid performers offering less volatility than REIT stocks.
This has caused a big drop in the treasury yield, a very common pricing index for debt issued by insurance companies, banks and Wall Street lenders who create commercial mortgage backed securities (CMBS).
For example, commercial mortgage backed securities (CMBS), offering fixed rate debt financing, will remain a source of debt; however, public markets are bringing volatility to this segment of the market.
Goldstein discussed trends in unsecured syndicated loans, construction loans, commercial mortgage backed securities (CMBS), public debt and mezzanine debt.

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