1. Also boosting bond prices was the sale of two large mortgage-backed issues in the U.S., including the largest-ever commercial mortgage issue. 2. Argentine loans, commercial mortgages, and other assets that people no longer want are all being trussed up into securities -- and investors are buying them. 3. Brokers say that insurance companies like Principal Financial Group in Des Moines, and Northwest Mutual Life in Milwaukee also are plumbing the New York commercial mortgage market. 4. Commercial mortgage bonds are also popular because their underlying loans carry restrictions that prevent borrowers from refinancing for anywhere from several years to a decade. 5. Commercial mortgages in the third quarter provided the best returns so far this year as lenders experienced fewer losses and the Federal Reserve left interest rates unchanged. 6. Credit Suisse first Boston also has dramatically scaled back its commercial mortgage business. 7. Following are details of a new issue backed by commercial mortgages. 8. Franchise Mortgage Acceptance Co., Los Angeles, agreed to acquire Bankers Mutual, a commercial mortgage bank. 9. Helping to bolster Treasury bond prices today was the sale of two large mortgage-backed issues, including the largest-ever commercial mortgage issue. 10. Instead, Clark has been buying asset-backed securities and commercial mortgages to pick up higher yields. |
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