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Trends

Bonds backed by commercial mortgages are a 'disaster' as real estate values crumble, hedge funder says

The CMBS market is in trouble, one hedge fund boss says, as loans on offices across the US are at risk of defaulting.

By: Business Insider
  • Sep 01 2024
  • 10
  • 3904 Views
Bonds backed by commercial mortgages are a 'disaster' as real estate values crumble, hedge funder says
Bonds backed by commercial mor
The commercial mortgage bond market looks like it's in shambles, according to hedge funder John Devaney. Devaney, whose fund was pummeled during the 2008 subprime mortgage crisis, said he saw more t… [+2116 chars]

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