CMBS Market Starts Slow Climb Upward

Law360, New York (September 21, 2012, 7:34 PM EDT) -- With bond volume expected to reach $40 billion on the commercial mortgage-backed securities market this year, experts are cautiously optimistic that better underwriting and an increase in transaction volume have put the industry on a slow and steady track back to recovery.

Citigroup Inc. and Goldman Sachs Group Inc. sold $1 billion of CMBS bonds this month, putting the third quarter on track to be the most active since 2008, and four substantial issuances are scheduled to hit the market in both October and November....
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