Are commercial mortgages on thin ice?

Monday, August 1, 2011

A shudder passed through the commercial mortgage market Thursday when Standard & Poor’s withdrew its rating on a $1.5 billion commercial mortgage-backed security issued by CitiGroup and Goldman Sachs, indicating growing investor edginess about the CMBS market.

But the worries came closer to Minnesota on Thursday night when the New York-based ratings agency pulled its preliminary rating on another big issue: a Freddie Mac security backed by $1.2 billion in multifamily loans.

Read on: http://finance-commerce.com/2011/08/commercial-mortgages-on-thin-ice/

Originally published: 08/01/2011, Finance & Commerce