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Irma-related damage could affect $27B in securitized mortgages in Florida September 14, 2017 01:30PM By Amanda Rabines Some $26.6 billion in securitized commercial mortgages is potentially at risk.
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Fixtures are treated as a part of real property, particularly in the case of a security interest.Irma-related damage could affect $27B in securitized mortgages in Florida. But flood damage proves to be a challenge for loans set to mature over the next 12 months. The damage could jeopardize the payoff of roughly $1.89 billion, according to the.
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The number of distressed loans tied to commercial mortgage-backed securities inched. which typically have terms of 10 to 20 years, meaning distress can appear long after the economy first takes a.