Chong Sin AC (1-212) 834-2611 chong.c.sin@jpmorgan.com J.P. Morgan Securities LLC Terrell Bobb (1-212) 834-5947 terrell.bobb@jpmchase.com J.P. Morgan Securities LLC Eli Khaim (1-212) 622-0388 eli.khaim@jpmorgan.com J.P. Morgan Securities LLC North America Securitized Products Research J P M O R G A N 24 July 2026 CMBS Weekly One upsmanship or an arms race? 1 {[{rj56ltbcX45ij9n7hqB0Y9_QlCiWSZqhgEQkaXl2yx8ocUdeLEAVevfkMpDLJfV7c1YI5Ka4xamxV8HuI0dyb9yxLxL7P4qBb7yV1NEJ}]} North America Securitized Products Resea ...