Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[I-Man]

Fake News & Media hype negatively impacts JCP PPS

15:06 ET - JCPenney's (JCP) list of the 138 stores it will close has a smaller than previously anticipated impact on commercial mortgage-backed securities. The liquidated stores have exposure to approximately $894.4M across 11 loans split among 13 CMBS deals, according to real estate data service Trepp.

Some of the loans are backed by malls or properties that have already been foreclosed on or are in receivership. Investors should keep a close watch on loans backing Palisades Center in West Nyack, NY, Philadelphia Mills (also known as Franklin Mills) in Philadelphia and Hilltop Mall in Richmond, CA, Trepp added. ([e-mail]; @estherfung)