With the pulse of the market for commercial real estate equity and debt somewhere between faint and flat line, loan servicers have found religion, handling most maturity defaults with short-term extensions in order to avoid foreclosure. This approach — “Delay and Pray” — reflects the current climate of the broader CMBS market, according to the latest podcast produced by John B. Levy & Company. His new podcast provides clients and analysts alike with a clear understanding of what to expect in today’s commercial mortgage environment. Click here to view the podcast.