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Real Estate Briefing - Categorized | Commercial property Watch, Finance, Mortgage more

Credit Suisse sets mortgage cutback

Posted on 14 October 2011

Credit Suisse Group is poised to shut down its commercial-mortgage-backed securities division just days after a new warning of layoffs on Wall Street, according to people familiar with the matter.
The cutback also is a sign of the soft patch the commercial real-estate industry is enduring. Property values had been recovering until this summer, when concerns began rising about weakness in the economy and global capital markets……………………………………….Full Article: Source


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