% 2% 0% -2% -4% -6% -8% 10.8% -5.6% CMBS Banks 9 9% Life Insurers 9 3% Government- Sponsored Entitles 4ovc. Fakr.rl Reld1We. 0a0 as.d Via n 2014 PP I, Port.974000 [:no: in444t;.4 t41vFno 67% Total Prospects for the CMBS market are uncertain. CMBS spreads widened sharply at the beginning of 201