09/23/2004 Issue

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Price Remains Major Driver Behind CMBS Servicing
By Bennett Voyles

The commodity status of CMBS loan servicing has led to considerable pricing pressure and consolidation, as any graduate of Economics 101 could predict. Yet while it’s apparent that servicers’ razor-thin margins haven’t yet compromised their ability to do their jobs, some observers are developing concern that other factors besides price are getting short shrift.


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