TORONTO, ONTARIO -- (Marketwired) -- 08/16/13 -- CMLS Financial, one of Canada's largest independent mortgage lenders, today released their Q2 Commercial Mortgage Spread Commentary, an in-depth analysis of commercial mortgage spreads in Canada.
Their August 2013 Commentary looks at a number of key topics for the commercial mortgage industry, including the 60 bps spike to Canadian commercial real estate borrowing costs that resulted from Ben Bernanke's statements on quantitative easing. It anticipates $900 million of new CMBS issuance in 2013 and discusses the potential for a rate increase in the high yield mortgage market. The CMLS Financial Commentary reviews the effects of the new legislation on Canadian covered bonds, the planned changes announced by the Feds in March 2013 to limit bulk insurance on low ratio mortgage pools outside of CMHC securitization programs, and reports on current activity in the REIT market.
Read the full CMLS Financial August 2013 Commentary now.
CMLS Financial is the Canadian leader in commercial mortgage valuation. Providing valuation services to Canada's leading institutional mortgage investors and borrowers for over 10 years, their Valuation division currently values in excess of $8.0 billion of mortgages per annum.
About CMLS Financial
CMLS Financial is one of Canada's largest independently owned mortgage lenders, with offices across the country. Founded in 1974, the company provides lending solutions and services to real estate owners and developers along with related services to some of Canada's most prominent financial institutions, insurance companies and investment managers. CMLS Financial also offers single family residential mortgage solutions. CMLS Financial originates over $2 billion of annual loan funding and manages a mortgage portfolio of more than $6 billion. For more information about Canada's Mortgage Company, visit www.cmls.ca.
Mark Achtemichuk, CA, CFA
Vice President & Managing Director
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