CMBS investors should think twice before replacing a special servicer

CMBS investors should think twice before replacing a special servicer freddie kicks off summer K-Deal calendar with $1.33B offering Alt-doc mortgages performing better than expected so far: Fitch

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CMBS investors should think twice before replacing a special servicer Ocwen whittles servicing suits down to two with latest settlement Supreme Court ruling in foreclosure case a (limited) win for lenders

Controlling classes of investors in commercial mortgage-backed securitizations can replace a special servicer, but before they do, they should make sure the long and potentially expensive process is worth it.

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For both Borrowers and lenders, valuation of the property should, in most circumstances, drive decision making. The Special Servicer should, in most cases, be seeking to maximize the recovery on a defaulted loan for the CMBS trust. generally speaking, Special Servicers are required to order an appraisal within 60-90 days of their appointment.

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Non – Performing Loan Workouts, CMBS Special Servicing, and Distressed Asset Management Situs Special Servicing and Distressed Asset Management has over 25 years of experience in providing a robust suite of scalable services to maximize the recovery rate for our clients.

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Big CMBS Play Will Put KeyBank into Top Tier of Servicers.. also includes a CMBS special servicing portfolio of about $14 billion.. also includes servicing for a variety of private investors.

Special Servicers and Adverse Selection in Informed Intermediation: Theory and Evidence Abstract We study conflicting incentives of the master and special servicers in handling troubled loans in a CMBS deal and how the frictions between the interests of the two servicers

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