PLACE YOUR CMBS BETS

This week we asked about how the CMBS market is doing. The lion’s share of you (69%) roared that CMBS is sleeping off the bad times, while 12% of you think CMBS is dying and a brutal 19% think CMBS is dead and done for. Patrick O’Malley, senior director of sales in Massey Knakal’s northern Manhattan/Bronx division, was nice enough to speak with us about CMBS and solutions.

“These numbers do not surprise me and I think they are truly reflective of the delusional optimism that Wall Street holds for this market. Financial institutions will have to seriously rethink their business model and how they are going to make money. The model of securitizing and piling on fees while transferring the credit risk is broken.

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