Governance issues and default resolution in commercial mortgage backed securities
Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Architecture, 2004.
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| Format: | Thesis |
| Language: | en_US |
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Massachusetts Institute of Technology
2005
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| Online Access: | http://hdl.handle.net/1721.1/26717 |
| _version_ | 1811092082431885312 |
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| author | Darling, Jacob A., 1976- |
| author2 | Lynn Fisher. |
| author_facet | Lynn Fisher. Darling, Jacob A., 1976- |
| author_sort | Darling, Jacob A., 1976- |
| collection | MIT |
| description | Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Architecture, 2004. |
| first_indexed | 2024-09-23T15:12:42Z |
| format | Thesis |
| id | mit-1721.1/26717 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T15:12:42Z |
| publishDate | 2005 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/267172019-04-10T09:56:54Z Governance issues and default resolution in commercial mortgage backed securities Darling, Jacob A., 1976- Lynn Fisher. Massachusetts Institute of Technology. Dept. of Architecture. Massachusetts Institute of Technology. Dept. of Architecture. Architecture. Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Architecture, 2004. This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. Includes bibliographical references (leaves 59-60). With the increasing role of CMBS in commercial real estate lending, it has become crucial to understand the agency and governance risks that are created with the CMBS servicing structure. This study is an investigation of three key relationships within CMBS servicing, (1) between the servicers and different investor classes, (2) between the master servicer and the real estate owner/borrower, and (3) between the special servicer and the real estate owner/borrower. Through interviews with industry professionals and careful reading of the documentation that drives CMBS governance structures, the study reveals several different conflicts of interest that could significantly impact both the cash flow available to various trust investors and the underlying value of the real estate asset securing the mortgage. by Jacob A. Darling. S.M. 2005-09-06T19:47:24Z 2005-09-06T19:47:24Z 2004 2004 Thesis http://hdl.handle.net/1721.1/26717 58974543 en_US M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 60 leaves 319381 bytes 319183 bytes application/pdf application/pdf application/pdf Massachusetts Institute of Technology |
| spellingShingle | Architecture. Darling, Jacob A., 1976- Governance issues and default resolution in commercial mortgage backed securities |
| title | Governance issues and default resolution in commercial mortgage backed securities |
| title_full | Governance issues and default resolution in commercial mortgage backed securities |
| title_fullStr | Governance issues and default resolution in commercial mortgage backed securities |
| title_full_unstemmed | Governance issues and default resolution in commercial mortgage backed securities |
| title_short | Governance issues and default resolution in commercial mortgage backed securities |
| title_sort | governance issues and default resolution in commercial mortgage backed securities |
| topic | Architecture. |
| url | http://hdl.handle.net/1721.1/26717 |
| work_keys_str_mv | AT darlingjacoba1976 governanceissuesanddefaultresolutionincommercialmortgagebackedsecurities |