Current economic pressures have led to wide-scale devaluations of assets such as commercial mortgage-backed securities.

当前的经济压力已经致使类似商业住房抵押贷款证券这类金融资产大幅贬值。

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When times were good, underwriting commercial mortgage-backed securities was a bonanza for Wall Street.

在光景好的时候﹐承销商业抵押贷款支持证券对华尔街投行来说可谓好买卖。

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To add to the sense of deja vu, property loans have also been bundled into complex financial instruments, known as commercial mortgage-backed securities (CMBSs).

为了营造似曾相识的感觉，许许多多的贷款还被捆绑在一起催生出复杂难以操作的证券，即按揭贷款支持的商业证券(CMBSs)。

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Commercial mortgage backed securities (CMBS) have also been infected, although there is no obvious connection between overstretched residential borrowers and the markets for office and retail space.

ECONOMIST: Subprime jitters are spreading

He says the program could be expanded over time to include commercial mortgage-backed securities, certain residential mortgage-backed securities and other assets.

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The insurer covered billions of dollars in risky derivatives on commercial mortgage-backed securities that also went bad.

FORBES: MBIA, BofA In A Billion-Dollar Game of Chicken