Bonds backed by commercial mortgages are a 'disaster' as real estate values crumble, hedge funder says

The CMBS market is in trouble, one hedge fund boss says, as loans on offices across the US are at risk of defaulting.

By: Business Insider

Aug 31 2024
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Bonds backed by commercial mortgages are a 'disaster' as real estate values crumble, hedge funder says

The commercial mortgage bond market looks like it's in shambles, according to hedge funder John Devaney.
Devaney, whose fund was pummeled during the 2008 subprime mortgage crisis, said he saw more t… [+2116 chars]

Bonds backed by commercial mortgages are a 'disaster' as real estate values crumble, hedge funder says

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Bonds backed by commercial mortgages are a 'disaster' as real estate values crumble, hedge funder says

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