Commercial MBS Collateral Unsteady, Clouding Projections for Road Ahead
January 29, 2010
The commercial MBS sector saw its first activity in 18 months at the end of 2009, signaling increased investor activity, but still-rising delinquencies and other weak fundamentals could make 2010 another rough year. A recent Moody’s Investors Service report said 51 percent of commercial real estate markets remained in poor-performing status, down from 53 percent the prior quarter. The Moody’s team expects a...