--Samantha Rowan
The number of securitized U.S. commercial mortgage loans experiencing substantial losses is expected to rise quickly as market fundamentals continue to deteriorate. According to research from Trepp, there are about 24 loans that could see appraisal reductions of more than 80% of the current loan balance, said Manus Clancy, managing director. Trepp also found that in June, the average loss severity on securitized loans rose from an average in the high 40% range to the mid-50% range, he added, cautioning that it was too early to call this level of loss severity a trend. ....