Model Representations and Warranties and Dispute Resolution in CMBS 2.0; Rule 17g-7
The Line is pleased to bring you an alert from our esteemed colleague, Pat Sargent.
Representations and warranties by loan sellers/originators concerning characteristics of commercial mortgage loans have been a component of commercial mortgage backed securities (CMBS) since inception. While significant and important in transactions through 2007 (so-called CMBS 1.0), these representations and warranties have become a central focus of investor and regulator attention in CMBS 2.0.
Categories: Corporate, Economic Recovery and Government Opportunities, Real Estate, Structured Finance and Securitization
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