The servicers' role in U.S. CRE CDOs is still evolving and far from standardized, according to Fitch Ratings in a report released today.

In the report, the rating agency noted that commercial real estate mortgages have been securitized in the U.S. beginning in the early 1990s. However, despite a modest beginning, the size and number of CRE-backed transactions have increased signficantly, and exhibit little signs of slowing. Fitch further said that CDOs have joined CMBS deals as vehicles to finance CREs.

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