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Article: New 'Watch List' Could Become Standard for CMBS Industry.
- Article from:
- Mortgage Servicing News
- Article date:
- May 1, 2003
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In another indication of the evolution of the commercial mortgage-backed securities market, a watch list for use by servicers of CMBS transactions has been developed by the Commercial Mortgage Securities Association. The watch list serves to identify loans that need to be monitored for possible delinquency. This explicit listing of criteria for servicers to use is likely to become the standard for the CMBS industry. And going forward, it may even set the norm for the entire commercial mortgage industry.
The New York-based CMBS trade association's recommendations are the first such listing of criteria for the industry. Dottie Cunningham, executive director of ...