Life insurers commercial mortgage loan performance : better than expected

<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/MARC21/slim http://www.loc.gov/standards/marcxml/schema/MARC21slim.xsd">
  <record>
    <leader>00000nam a22000004b 4500</leader>
    <controlfield tag="001">MAP20110043278</controlfield>
    <controlfield tag="003">MAP</controlfield>
    <controlfield tag="005">20110628125700.0</controlfield>
    <controlfield tag="008">110628s2011    usa||||       ||| ||eng d</controlfield>
    <datafield tag="040" ind1=" " ind2=" ">
      <subfield code="a">MAP</subfield>
      <subfield code="b">spa</subfield>
      <subfield code="d">MAP</subfield>
    </datafield>
    <datafield tag="084" ind1=" " ind2=" ">
      <subfield code="a">341</subfield>
    </datafield>
    <datafield tag="100" ind1="1" ind2=" ">
      <subfield code="0">MAPA20100046623</subfield>
      <subfield code="a">Davidson, R. Andrew</subfield>
    </datafield>
    <datafield tag="245" ind1="0" ind2="0">
      <subfield code="a">Life insurers commercial mortgage loan performance</subfield>
      <subfield code="b">: better than expected</subfield>
      <subfield code="c">Andrew R. Davidson, Douglas L. Meyer, Douglas R. Baker</subfield>
    </datafield>
    <datafield tag="260" ind1=" " ind2=" ">
      <subfield code="a">New York</subfield>
      <subfield code="b">Fitch Ratings</subfield>
      <subfield code="c">2011</subfield>
    </datafield>
    <datafield tag="520" ind1=" " ind2=" ">
      <subfield code="a">Commercial mortgage loan performance for U.S. life insurers favorably exceeded Fitch Ratings expectations in terms of realized losses in 2010 and troubled mortgages in investment portfolios at Dec. 31, 2010. Based on an analysis of recent loss experience and a nascent recovery in the commercial real estate market, Fitchs concern over the industrys loss exposure to mortgage loans has moderated. Approximately 99.6% of mortgage loans held by U.S. life insurance companies were in good standing at Dec. 31, 2010, a level similar to year-end 2009. Fitch believes that mortgage loan performance has benefited from increased liquidity and continued low interest rates</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="1">
      <subfield code="0">MAPA20080570590</subfield>
      <subfield code="a">Seguro de vida</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="1">
      <subfield code="0">MAPA20080591908</subfield>
      <subfield code="a">Mercado hipotecario</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="1">
      <subfield code="0">MAPA20080607876</subfield>
      <subfield code="a">Préstamos hipotecarios</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="1">
      <subfield code="0">MAPA20080591212</subfield>
      <subfield code="a">Gestión de carteras</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="1">
      <subfield code="0">MAPA20080603182</subfield>
      <subfield code="a">Productos financieros</subfield>
    </datafield>
    <datafield tag="651" ind1=" " ind2="1">
      <subfield code="0">MAPA20080638337</subfield>
      <subfield code="a">Estados Unidos</subfield>
    </datafield>
    <datafield tag="700" ind1="1" ind2=" ">
      <subfield code="0">MAPA20100046630</subfield>
      <subfield code="a">Meyer, Douglas L.</subfield>
    </datafield>
    <datafield tag="700" ind1="1" ind2=" ">
      <subfield code="0">MAPA20110020224</subfield>
      <subfield code="a">Baker, Douglas R.</subfield>
    </datafield>
    <datafield tag="710" ind1="2" ind2=" ">
      <subfield code="0">MAPA20080438661</subfield>
      <subfield code="a">Fitch Ratings</subfield>
    </datafield>
    <datafield tag="856" ind1=" " ind2=" ">
      <subfield code="y">MÁS INFORMACIÓN</subfield>
      <subfield code="u">mailto:centrodocumentacion@fundacionmapfre.org?subject=Consulta%20de%20una%20publicaci%C3%B3n%20&body=Necesito%20m%C3%A1s%20informaci%C3%B3n%20sobre%20este%20documento%3A%20%0A%0A%5Banote%20aqu%C3%AD%20el%20titulo%20completo%20del%20documento%20del%20que%20desea%20informaci%C3%B3n%20y%20nos%20pondremos%20en%20contacto%20con%20usted%5D%20%0A%0AGracias%20%0A</subfield>
    </datafield>
  </record>
</collection>