"This paper analyzes the performance of the commercial mortgage-backed security (CMBS) market before and during the … mortgage market) the loans underlying CMBS did not significantly change their characteristics during this period, commercial … and 1980s and, overall, the CMBS and CMBX markets performed as normal during the financial crisis (at least by the …

The subprime mortgage crisis has already wreaked havoc on the lives of millions of people and now it threatens to …