Moody's: Defeasance activity in US CMBS trends lower in 2016
New York, February 17, 2017-- Defeasance activity in US commercial mortgage-backed securities last year trended lower after steadily increasing year over year between 2013 through 2015. Borrowers had sought to capitalize on sustained gains in commercial real estate market fundamentals and lower interest rates throughout most of 2016. However, market forces hampered sustained defeasance activity throughout 2016 Moody's Investors Service says in a new report.
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