Tuesday, April 9, 2019

Fitch Sees 'High Losses' for CMBS If Malls Can't Refinance

NREI
Commercial mortgage-backed securities could see big losses if troubled mall loans aren’t refinanced before they mature in 2020, according to Fitch Ratings Inc.

The biggest risk is if the borrowers decide to walk away from the property in order to avoid foreclosure, Fitch analyst Huxley Somerville wrote in a research note Friday.. . . more