May 25, 2023 | Premium Service | In this issue of The Institutional Risk Analyst, we return to the world of credit and secured finance after spending two days at the Mortgage Bankers Association Secondary Conference in New York. Suffice to say that the area around Times Square and 8th Avenue in the lower forties is reverting to conditions circa the early 1970s. Commercial property values are soft, the smart money is long gone and vultures are gathering in great numbers. And yes, we've seen this movie before.
