Commercial Mortgage-Backed Security

Commercial Mortgage-Backed Security

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Commercial mortgage-backed securities (CMBS) are a type of mortgage-backed security backed by mortgages on commercial rather than residential real estate. CMBS issues are usually structured as multiple tranches, similar to CMOs, rather than typical residential "passthroughs." The typical structure for the securitization of commercial real estate loans is a Real Estate Mortgage Investment Conduit (REMIC), a creation of the tax law that allows the trust to be a pass-through entity which is not subject to tax at the trust level.show more

Product details

  • Paperback | 92 pages
  • 152 x 229 x 6mm | 145g
  • Commun
  • United States
  • English
  • 613577235X
  • 9786135772357