Wednesday, September 29, 2010

CMBS Definition

Commercial Mortgage-Backed Security CMBS
A mortgage-backed security in which the mortgages on commercial building, offices, factories, apartments, and other buildings other than single-family homes collateralize the security. Unlike most other mortgage-backed securities, the structure of a CMBS is not standardized and as a result, it is difficult to assess its risk. It is also called a collateralized mortgage-backed security.

http://financial-dictionary.thefreedictionary.com

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