Tag Archives: commercial mortgage backed securities

The decline of commercial mortgage backed securities

More distressed commercial buildings will come up for foreclosure in 2012, lowering commercial rents. America has a glut of commercial property, much of it build up in the years before 2007. Atlanta is particularly hard-hit, echoing a theme in Tom … Continue reading

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Securitization Industry Still Locked Up

Until loans can be packaged up and sold as securities, lending will remain restricted around the world. American Securitization Forum’s conventions used to be in glitzy Las Vegas. Those were the days when mortgage loans could be easily sold as … Continue reading

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Treasury Implements Bailout

WASHINGTON (Thomson Financial) – The Treasury Department today laid out a process under which it will quickly select financial asset managers to help it evaluate and purchase up to $700 billion worth of illiquid assets, which it hopes will restore … Continue reading

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Commercial Property Loans Next?

From the New York Times: As the value of home mortgages crumbles by the day, Wall Street has hoped that commercial real estate loans would stay clear of the storm. For Wall Street banks, which hold about $100 billion of … Continue reading

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Mortgage Giants Profit From Rental Financing

From the New York Times: As a result, both Fannie Mae and Freddie Mac, though often associated exclusively with single-family housing, are rapidly increasing their multifamily portfolios. Neither Fannie Mae nor Freddie Mac issues mortgages; instead they buy loans from … Continue reading

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JP Morgan Loses $1.5 Billion In Third Quarter

WASHINGTON (Reuters) – JPMorgan Chase & Co (JPM.N: Quote, Profile, Research, Stock Buzz) said it has racked up $1.5 billion of losses so far this quarter on mortgage-linked assets, reflecting deepening turmoil in credit markets. Chief Executive Jamie Dimon has … Continue reading

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Mortgage Bonds

NEW YORK, May 28 (Reuters) – Rising issuance of Fannie Mae and Freddie Mac mortgage-backed securities has pushed the share of the debt in a key bond index to record heights in recent months, presenting new challenges to investors. The … Continue reading

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