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Commercial MBS Production Stuck in the Doldrums as Real Estate Markets Continue to Slow in 2Q08
New issuance of commercial mortgage-backed securities rallied slightly in the second quarter, but the market continues to generate dismal levels of new production. A total of $6.24 billion of new CMBS was issued during the second quarter, with just five new transactions hitting the market. The biggest of those was a $1.85...[Includes two charts]
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