Look at those “AAA” swaps:
Pictured is CMBX-NA-AAA 3. Is that how AAA is supposed to fluctuate? I suppose so… after all of that…
July 18, 2007
Commercial real estate smashed
Posted by theroxylandr under Economics, Finance, Investing, Money, Real Estate[4] Comments
July 19, 2007 at 6:53 am
Another brick in the ‘Wall of Worry’, I guess.
July 19, 2007 at 8:28 am
What kinds of loans are in those CMBX pools?
Skyscrapers? Laundromats? Burger King franchises?
By now, we all know about the residential lending, but what about these?
July 19, 2007 at 9:25 am
all Abx …. 07 2 indices are not showing up at recent time, 9:20 am ET
?????
July 19, 2007 at 1:59 pm
>>> What kinds of loans are in those CMBX pools? Skyscrapers? Laundromats? Burger King franchises?
Yep, all of the above plus anything that is real estate but is not a private residence. I think multi-family homes and office building will make a bulk, but I’m only guessing.