Commercial Real Estate Breathes Life Into a Moribund Market(JPM securitizing CRE)

NYT ^ | 02/28/11 | SUSANNE CRAIG

[TigerLikesRooster]

February 28, 2011, 3:37 pm

Commercial Real Estate Breathes Life Into a Moribund Market

By SUSANNE CRAIG

A crucial part of the securitization market — the Wall Street credit machine that helped set off the financial crisis — is kicking back into gear.

In the last few weeks, a number of big banks have successfully bundled and sold new securities backed by commercial real estate loans. Morgan Stanley and Bank of America completed a $1.55 billion deal last month that included office and retail properties. So far this year, financial firms have sold about $5 billion of commercial mortgage-backed securities, almost as much as was done in all of 2010.

[TigerLikesRooster]

P!

[headstamp 2]

I see the MSM is going with the DNC upbeat situation meme from the fax machine.

[JerseyHighlander]

This is pure propaganda. JPMorgan had been desperately trying to sell off those mortgages for malls and shopping centers since early Q2 2010 and could not find ANY buyers at under 50 cents on the dollar offer.

JPMorgan, after burning and writing off a huge chunk of that portfolio then choppped these remaining mortgages mentioned in the NYTimes article into tranches and sold the top tranches, but JPMorgan still holds the crap tiers.

Every Tom Dick and Harry broker in the CRE mortgage field was sent unsolicited info on those malls last year...

[FromLori]

That's obozo's favorite banker they have over 10,000 investor lawsuits against them they probably need the money but then again just like all the housing loans they are dumping on taxpayers, it appears the fix is in. Meanwhile small conservative banks are dropping like flies because of CRE.

The financial disaster of continuing to bailout commercial real estate through the shadows of Federal Reserve jargon. Why you haven’t heard of this trillion dollar bailout.

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Commercial real estate brought down failed banks in February

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[DeaconBenjamin]

Abandon hope, all ye who enter here!