JPMorgan Chase, Bank of America, Morgan Stanley and other banks are working to revive their operations in commercial mortgage-backed securities, with JPMorgan taking an early lead in the effort. Investors worldwide are increasingly looking beyond Treasurys for returns, giving the CMBS business a boost, but risks remain. In 2007, Wall Street issued $230 billion in CMBS. This year, about $10 billion is expected to be sold.

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