After booming for several years, CMBS market crumbles

06/12/2008 | Financial Times (free content)

Executives in the commercial mortgage-backed securities market were full of optimism at their annual conference in June of last year. Since then, CMBS issuance has plunged, increasing borrowing costs and spurring a downturn in property deals. Now, some industry insiders are sounding the death knell for the CMBS market, saying it has "no real prospect of coming back."

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