Special Serviced CMBS Rise 22.7Pc

The volume of commercial mortgage-backed securities in special servicing rose 22.7% to $90.7 billion in 2010, according to Fitch Ratings, reports MortgageOrb.

The volume of commercial mortgage-backed securities in special servicing rose 22.7% to $90.7 billion in 2010, according to Fitch Ratings. Fitch also noted that the 35 special servicers that it rates saw a 25% increase in the number of assets, compared with 2009. Fitch said Wells Fargo, Berkadia Commercial Mortgage, Midland Loan Services, Bank of America Merrill Lynch and KeyBank Real Estate Capital dominated the special-servicing market last year.

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