JPMorgan prepares to issue CMBS backed by distressed loans

11/15/2011 | Wall Street Journal, The

JPMorgan Chase has approached rating agencies about its plan to issue commercial mortgage-backed securities backed by distressed loans, reminiscent of the Resolution Trust Corp.'s efforts. According to Moody's Investors Service, several billion dollars in securities of this type will be issued in 2012.

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Wall Street Journal, The

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