CMBS 2.0 – What went wrong and how we fix it
To have the need for 2.0 of anything, by definition, 1.0 could have been better. Certainly that was the case with many of the internet’s first sites, and it is the case with Commercial Mortgage Backed Securities. CMBS 1.0 had all sorts of problems, including: Too many lenders chasing too few deals resulting in high-leverage […]