Real Estate/Development
Dec. 1, 2011
Suits against commercial lenders spike
As the commercial mortgage-backed securities market continues to see a record number of loan defaults, lawyers who handle lender liability claims say the volume of commercial lender liability cases is increasing apace.
Daily Journal Staff Writer
LOS ANGELES - As the commercial mortgage-backed securities market continues to see a record number of loan defaults, lawyers who handle lender liability claims say the volume of commercial lender liability cases is increasing.
Delinquencies for CMBS loans climbed to 9.77 percent in October, the second highest reading in the history of the CMBS market, according to Trepp LLC, a provider of commercial mo...
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