The maturing of the commercial mortgage-backed securities market
Article Abstract:
Commercial mortgage-backed securities (CMBS) and Real Estate Investment Trusts (REITs) have eliminated many of the inadequacies in their structure and now occupy an important place in commercial real estate and mortgage financing. Since their inception in 1991, CMBS and REITs have been important in financing group care facilities, mini-warehouses and mobile home parks. The Resolution Trust Corporation's management of CMBS has impressed investment companies and rating agencies.
Publication Name: Real Estate Review
Subject: Real estate industry
ISSN: 0034-0790
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
When the levee breaks: cautionary tales for the CMBS industry. (collateralized mortgage-backed securities)
Article Abstract:
Changes in the US property market during the early 1990 resulted in the development of the collateralized mortgage-backed security as a new financing instrument. Human nature is still the same; it does not matter which financing instrument is used. Servicer liability should be introduced at the simple negligence rather than the gross negligence level.
Publication Name: Real Estate Review
Subject: Real estate industry
ISSN: 0034-0790
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Reacting to the 1998 market's decline
Article Abstract:
Real estate companies need to evaluate their executive compensation packages in 1999 to ensure that they are adequately compensating their top talent as well as addressing current market and economic issues. Many real estate companies have used repricing approaches or waiting for a market rebound.
Publication Name: Real Estate Review
Subject: Real estate industry
ISSN: 0034-0790
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The return of the specter of punitive damages in contract cases. Finally, a limit on a solvent tenant's ability to use bankruptcy to shortchange a landlord
- Abstracts: Outsourcing is still the crucial issue. Offices urgently needed to satisfy Leeds demand. Crossing the East West divide
- Abstracts: Where are all the new real estate millionaires? Agency status and disclosure. Prospecting the home resale market
- Abstracts: Turning the corner on shopping. North of the dome, a new world view. Taking stock while the tide is low
- Abstracts: Capital attractions. Maintaining the competitive edge. Over-the-counter financial products