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Tuesday, October 26, 2010

BarCap: MERS foreclosure issues may be spreading to commercial real estate

According to BarCap, these lawsuits are spreading outside the residential space, challenging foreclosures on loans backing commercial mortgage-backed securities.
But analysts believe there are legal remedies available to limit any negative effect for investors.
"As such, there could be a scenario where MERS originated loans could see a possible extension in liquidation timelines by a few months, but this should not affect CMB
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