Bondholders may suffer bigger losses amid a shift in ownership among firms that oversee troubled commercial mortgages packaged into securities, according to Amherst Securities Group LP.
“Investors are concerned that in some instances liquidations aren’t being appropriately handled,” Darrell Wheeler, a commercial mortgage bond analyst at Amherst in New York said today in an interview. Special servicers have been sold to new owners that may have more aggressive real estate- like return targets or alternative motivations beyond simply servicing the pool, he said...............................................Full Article: Source
|