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Loan Modification

: Mortgage Lender Implode-o-Meter

UK CMBS Picture May Be Worse Than It Appears

By Implode-Explode Heavy Industries

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" Approximately 15% of UK loans are in breach of a covenant or in outright payment default, and although at a historical high, this figure understates the full impact of falling capital values on UK CMBS leverage,? - Mario Schmidt, Associate Director in Fitch?s EMEA CMBS Performance Analytics team."

Full post as published by Mortgage Lender Implode-o-Meter on June 30, 2009 (boomark / email).

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