CMBS fixed-rate conduits hit 4.46% distress while Freddie Mac K-series securitizations don’t even crack 0.20%.

The chair says not to bet on fast rate reductions.

And Wall Street doesn’t seem willing to wait and find out.

People will need to navigate a complex mix of implications.

The company’s CTO talks ChatGPT and other tools.

Smaller institutions have less infrastructure and leaner teams.

The Federal Reserve doesn’t necessarily disagree.

Overall negative returns in 2023 are giving institutions second thoughts.