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December 08, 2017  

Big Loan Sale Boosts Credit Gauges

Two key measures of credit quality for securitized commercial mortgages showed improvement again last month, partly due to the liquidation of a large distressed mortgage on a Connecticut office building.Some 5.97% of commercial MBS loans were in the hands of special servicers as of Nov. 30, down 15 bp from a month earlier, according to Trepp. The monthly rate hasn’t been lower since May 2016, when it stood at 5.75%. The latest dip reflected...

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