07.12.2010 - US: Commercial mortgage defaults misleading, Morgan Stanley says
From Bloomberg: Climbing defaults on commercial property mortgages packaged into bonds are being masked as servicers work through troubled loans, shrinking the pool of delinquent debt, according to Morgan Stanley. Specialists in charge of resolving problem loans in securities backed by commercial mortgages have ramped up property liquidations, loan sales and modifications, New York- based analysts led by Richard Parkus said today in a report..............................................Full Article: Source
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