Tuesday, November 15, 2011

JP Morgan To Revive RTC-Style Commercial Mortgage Securities


For those who can't read the article (requires subscription), here is the first sentence: 
 J.P. Morgan Chase & Co. (JPM) next year plans to issue the first U.S. commercial mortgage-backed securities supported by defaulted loans since the 1990s as it revives a practice that regulators used to extricate the nation from the savings-and-loan crisis.
"Defaulted loan pool securitizations are probably going to be one of the bright spots in CMBS for 2012," Schwarz said.
I wish I was making this $hit up.

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