Comments on: Alesco & The Land of the Living Dead http://gdmig-reitwrecks.com/2008/07/alesco-land-of-living-dead.html High Yield REITs And Commercial Real Estate Wed, 30 Apr 2014 22:24:37 +0000 hourly 1 https://wordpress.org/?v=4.2.30 By: FDIC Loan Sales – The Good, The Bad and The Ugly — REIT Wrecks http://gdmig-reitwrecks.com/2008/07/alesco-land-of-living-dead.html#comment-150 Wed, 10 Mar 2010 18:47:22 +0000 http://reitwrecks.com/wordpress/?p=59#comment-150 […] In the real world, many of these “performing” loans are doomed. They were promoted by borrowers and mortgage brokers on the basis of NOI assumptions that can no longer be achieved, underwritten by loan officers who had no idea what they were doing, and ultimately sold to investors whose profit motive (in many cases) was collecting management fees, not interest income. In that case, why not lever yourself silly and buy all you can? […]

]]> By: Record CMBS Loss Severities Expose Major Flaw in Securitization, Compensation Models — REIT Wrecks http://gdmig-reitwrecks.com/2008/07/alesco-land-of-living-dead.html#comment-101 Wed, 10 Mar 2010 05:00:35 +0000 http://reitwrecks.com/wordpress/?p=59#comment-101 […] in making a loan that can instantly be turned into someone else’s problem via securitization. And often times, that “someone” isn’t all that smart. It’s all about pay for performance, and we should bring it back for […]

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