Thursday, January 10, 2008

CMBS at $100 billion?

At this rate it would not surprise me at all. Many of us still see a pickup coming this year. Usually when people say there's a recession the announcement usually comes right as things are already starting to pick up.

Check out Traffic Court for the details from the Commercial Mortgage Securities Association’s Investors Conference. What I found interesting is the comparison between CMBS and ABS. The fundamentals are not as good as they were a year ago, but the LTVs are low and the terms generally better. It'll be interesting to see how the year plays out.