-- CMBS spread ; commercial mortgage-backed securities …This paper tracks a structured financial innovation, the commercial mortgage-backed security which is not as novel as … influence the risks arising from a commercial-mortgage credit agreement as well as marked-risks influenced by economy and marked …

In this paper, we provide an overview of the subprime mortgage securitization process and the seven key informational … how rating agencies assign credit ratings to mortgage-backed securities, and outline how these agencies monitor the … performance of mortgage pools over time. Throughout the paper, we draw upon the example of a mortgage pool securitized by New …