Scotsman Guide, Feb. 2012
By Ann Hambly, founder and co-CEO of 1st Service Solutions
By the end of 2011, uncertainty over the future of distressed commercial mortgage-backed securities (CMBS) overshadowed positive signs of lower delinquency rates. Defaults declined this past November after two straight monthly increases, which could indicate that CMBS delinquencies might be leveling off. But observers like Trepp, which tracks CMBSdelinquency data, warned that the retreat of defaults might just be the calm before the storm.