JPMorgan Chase and the Royal Bank of Scotland are among the banks with growing, but still cautious, interest in commercial mortgage-backed securities. Other institutions eying these investments, according to John Lyons, president of the U.S. division of Savills, include Wells Fargo Securities, Deutsche Bank and Morgan Stanley. "These lenders are beginning to make and warehouse loans because they believe that securitization has become viable again, although tentative, and will certainly be a preferred outlet for them to raise additional capital," he says.

Related Summaries