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CMA
October 05, 2018  

Special-Servicing Counts Shrink Again

The volume and percentage of commercial MBS loans in the hands of special servicers dropped again last month.The aggregate balance of CMBS debt in that category plunged by $1.2 billion to $18.8 billion during September, according to Trepp. That helped drive down the special-servicing rate by 25 bp, to 4.22%. Neither tally has been lower in more than nine years. Both measures have declined fairly steadily for the last year and a half.The latest...


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