The market for commercial mortgage bonds is becoming “fragile,” even before new regulations take effect that will drive up the cost of borrowing, a trade group warned Thursday.

In prepared testimony before the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises Wednesday, the Commercial Real Estate Finance Council (CREF) said that “illiquidity and volatility are becoming the norm.”  

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.