Contemporaneous Loan Stress and Termination Risk in the CMBS Pool: How "Ruthless" Is Default?

This study analyzes the impact of contemporaneous loan stress on the termination of loans in the commercial mortgage-backed securities pool from 1992 to 2004 using a novel measure, based on changes in net operating incomes and property values at the metropolitan statistical area-property-type-year l...

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Những tác giả chính: Seslen, Tracey, Wheaton, William C.
Tác giả khác: Massachusetts Institute of Technology. Center for Real Estate
Định dạng: Bài viết
Ngôn ngữ:en_US
Được phát hành: American Real Estate and Urban Economics Association 2011
Truy cập trực tuyến:http://hdl.handle.net/1721.1/64730
https://orcid.org/0000-0003-2962-8259