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NEW YORK CITY-Investment banks are modifying the structure of the CMBS market to block the loopholes that helped some investors to acquire troubled firms.

According to the revived CMBS market or CMBS 2.0, the structures of the securities are modified in such a way that the selection of special servicer is decided based on the majority voting of the investors in the default loan. For the full story, go to Wall Street Journal.

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